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Company(A)is builder, after project completed company has given possession, also separate company(B) was created as Maintenance Agency. Now based on letter company(B)has collected the Annual Maintenance Charges. On which B has paid the Service Tax to government which is yet to be collected from Customers. Now company(B)is issuing the Maintenance Invoices on Monthly basis with Service Tax. What will be the accounting treatment in Company B books and how the same will be reflected in the return. |
