Suspense account entries treated as service tax book adjustments when transactions involve associated enterprises, expanding taxable scope. The amendment treats any amount credited or debited to any account, whether called "Suspense account" or by any other name, in the books of account of a ... Summary
Suspense account entries treated as service tax book adjustments when transactions involve associated enterprises, expanding taxable scope.
The amendment treats any amount credited or debited to any account, whether called "Suspense account" or by any other name, in the books of account of a person liable to pay service tax, where the transaction of taxable service is with any associated enterprise, as a book adjustment under section 67.
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