Service tax on provision for exp
This query is : Resolved
20 January 2014
Dear All,
Please tell me, whether service tax need to be deducted on provision made for exp.
Our company is receiving services from a foreign company for maintain server and other Technical services. we are making a provision for the exp every month. and we are paying Service tax on RCM basis. and after receiving the actual invoice in next month, we reverse the provision and book the actual exp. Now, my question is whether ST is applicable on provision for expenses or not?
Thanks in advance for replies.
Please tell me, whether service tax need to be deducted on provision made for exp.
Our company is receiving services from a foreign company for maintain server and other Technical services. we are making a provision for the exp every month. and we are paying Service tax on RCM basis. and after receiving the actual invoice in next month, we reverse the provision and book the actual exp. Now, my question is whether ST is applicable on provision for expenses or not?
Thanks in advance for replies.
20 January 2014
Hi
No on booking of Exp prov. no ST to be paid however on advance payment made if any ST to be paid as pert POT rules.
Thanks
No on booking of Exp prov. no ST to be paid however on advance payment made if any ST to be paid as pert POT rules.
Thanks
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