Service tax

Bharat Bhatia (Querist) 09 April 2012 This query is : Resolved
Whether Expression "received" include receivable as the assessee is following mercantile method of accounting. Assessee did not take the service tax component as its gross receipt in effect it has claimed deduction of the impugned amount from its profit. As per ratio laid down in the case of Hewitt India (P) Ltd. is not applicable?

Whether service tax component which is accounted for separately is disallowable as per the provisions of Section 43 (b) of the Act?

Please advice.

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