chandra sekar (Manager-Accounts) (387 Points)
26 January 2013We are transporting our finished goods of juices to our stockists, through our own trucks. We are incurring expenses for the same, for check post, toll charges, driver food expenses etc., Please advice in which account head the expenses can be booked, on the angle of Income tax. Also, if i am correct, we cannot book the expenses in freight outward, as it attracts Service tax.
V.P.Chandra Sekar
Rich Dairy Products India pvt., Limited,
Namakkal,
Tamil Nadu
mobile : 9360934021
Jag Bhushan Sharma
(Faculty in a B-School)
(633 Points)
Replied 29 January 2013
As you are transporting your own products, you can book these expenses to their respective heads without inviting any service tax problem, as you are not providing any service to outsiders.
I am attaching a link below for students of CPT. Students can watch ACCOUNTS videos on youtube.
https://www.youtube.com/user/jbsclasses
CAclubindia
