Service tax paid on reversal charge

Queries 342 views 1 replies

IS SERVICE TAX PAID ON REVERSAL CHARGE IS ALLOWED AS EXPENDITURE OF COMPANY . HOW TO ADJUST SERVICE TAX , CAN WE DIRECTLY DEBITED TO P& L A/C , AS WE ARE COMPANY  RUNNING HOSIPTAL & NO OUTPUT SERVICE TAX LIABLITY.

Replies (1)

It depends upon the accounting method adopted by your company. Ideally, it shall be shown as an expenditure.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register