https://www.taxtmi.com/forum/issue?id=106016 A domainer using BUSY seeks a method to record removal of unwanted domain names so that inventory quantities are reduced and the previously capitalised purchase cost is deducted. The forum reply indicates the issue is not service-tax related and suggests providing more tax details if needed. The practical fix is to create a disposal/derecognition entry in the accounting system to decrease inventory and remove associated cost, with supporting records for audit and potential tax reporting. en-us Sat, 24 Aug 2013 13:49:47 +0530 Thu, 23 Jan 2025 15:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106016 A domainer using BUSY seeks a method to record removal of unwanted domain names so that inventory quantities are reduced and the previously capitalised purchase cost is deducted. The forum reply indicates the issue is not service-tax related and suggests providing more tax details if needed. The practical fix is to create a disposal/derecognition entry in the accounting system to decrease inventory and remove associated cost, with supporting records for audit and potential tax reporting. Discussion-Forum Service Tax Sat, 24 Aug 2013 13:49:47 +0530 https://www.taxtmi.com/forum/issue?id=106016