what is the accounting treatment of service tax on telephone expense!
what is the accounting treatment of service tax on telephone expense!
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.
but there should be a nexus between the final servcie provided and telephone expense incurred...
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