Is issuance of cheque book is service
If it so than what will be the treatment for service tax charge by bank.
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 31 May 2011
cheque book is an stationary instrument which is to be used by client for getting services of payment from their account,
cheque book charges + service tax is to be claimed as business expenditure in P/L account as bank charges.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 31 May 2011
YES IT SHOULD BE TAKEN AS BANK CHARGES
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