How to book cancelled airlines ticket of directos?

vinayak c. chavan (CPT passed) (1011 Points)

01 October 2012  

We are Private limited company. Director has booked airlines tickets from company account which we have canelled. While booking tickets we have booked service tax also. Now if we cancelled these tickets how to deal with service tax portion? How to book cancellation transaction? Should i show any loss in respect of cancellation fees?