Entry for security charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 June 2015 Dear sir

I want to know the journal entry for book security charges bill.
if security charges is rs 22500 exclusive of service tax.

JUGAL PATEL

JUGAL PATEL (Expert)
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02 June 2015 the journal entry is as follows:
If the service is input service
Security charges Dr. 22500
Service tax receivable Dr. 3150
(22500*14%)
Service Tax payable Cr.3150
TDS payable Cr.450
( suppose company TDS@ 2%)
Party Cr.22050

if the service is not input service then debit the service tax to security charge a/c