I am running a man power agency having registration under service tax act. In which I am spending some amount to each employee for his food, uniform, petrol etc but these amounts are not collected from my clients separately .Can I deduct this expenditure from the service charges received and shown in the service tax return? Can I pay the service tax foe net amount only?
Asked on 4/29/13, 12:55 am
2 Answers from Attorneys
No. You can not deduct that amount from service charges.
regards
Jeevesh Mehta , Customs Excise and Service Tax Advisory.
Answered on 4/29/13, 5:08 am
Jayesh Desai
Jayesh Desai
These can be deducted from your Income Tax and not from Service Tax, as these are business related expenditure.
Answered on 5/01/13, 6:57 am
Related Questions & Answers
-
My turnover for the year 2001-12 is below 10 lakhs (I am a service provider) and... Asked 4/27/13, 12:46 am in India Tax and Taxation Law
-
Case laws regarding debentures issued to substantial shareholder or director... Asked 4/25/13, 12:22 am in India Tax and Taxation Law
-
Case laws on deemed dividend regarding issue of debentures Asked 4/24/13, 12:57 am in India Tax and Taxation Law
-
Sub: Suggestion for Rectification in E-Challan no-51196 dt-30/03/2013 Ref:CENTRAL... Asked 4/18/13, 11:53 pm in India Tax and Taxation Law
-
Is it possible to pay VAT 'under protest' in Maharashtra Value Added Tax Act Asked 4/06/13, 5:33 am in India Tax and Taxation Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
