hi....
if we pay service tax with telephone bill or with courier charges thnen can we claim tht service tax amt under any head?
nirav
3 Replies
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 22 July 2008
If we are liable to pay service tax, then you can set off it against it your liability. its the concept of cenvat credit.
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 22 July 2008
If you are not liable to pay sevice tax, its just an expenditure and you can claim it in your profit and loss account.
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 22 July 2008
What is the nature of business or service of the person paying such expenditure?
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