Is issuance of cheque book is service
If it so than what will be the treatment for service tax charge by bank.
suraj singh chauhan (Accountant) (124 Points)
31 May 2011Is issuance of cheque book is service
If it so than what will be the treatment for service tax charge by bank.
U S Sharma
(glidor@gmail.com)
(21056 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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