what is the accounting treatment of service tax on telephone expense!
s t
(Guest)
Rabnoor Singh Khanna
(Accountant)
(77 Points)
Replied 04 March 2009
If you are service providing company, then you can claim the input credit of service tax paid on telephone expense. Entry will be in this case is
Telephone Expense Dr.
Input Tax Service Tax Dr.
To Bank A/c Cr.
Siddharth Nawal
(Financial Analyst)
(159 Points)
Replied 05 March 2009
but there should be a nexus between the final servcie provided and telephone expense incurred...
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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