Hi all.
I have one question for you people.
Service Tax input credit of financial year 2008-09 rejected by service tax department to some extent. whether rejected portion is allowable expenditure under income tax for 2009-10?
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Service tax Input Credit Allowable expenditure?
Replies (1)
yes normal course of business , allowable u/s 37(1), even interest on ST should be allowed , since it would be compensatory in nature
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