Associated enterprise accounting adjustments expanded to include suspense accounts in service tax treatment for taxable services between related parties. The Explanation to section 67 now treats any amount credited or debited to any account, including a 'Suspense account' or any other named account, as a book adjustment for service tax purposes where the transaction of a taxable service is with an associated enterprise.
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Associated enterprise accounting adjustments expanded to include suspense accounts in service tax treatment for taxable services between related parties.
The Explanation to section 67 now treats any amount credited or debited to any account, including a "Suspense account" or any other named account, as a book adjustment for service tax purposes where the transaction of a taxable service is with an associated enterprise.
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