Wednesday, September 7, 2011

Can water and electricity charges collected be excluded from service tax levy?

Can water and electricity charges collected be excluded from service tax levy?
 
As water and electricity are goods as held in several decisions. There can be no service tax liability on same. But there should be adequate invoices to support such claim. Further the amounts should be collected at actuals. 

 by  Madhukar N Hiregange

0 comments:

Post a Comment

Copyright © 2015 Accounting & Taxation All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger