How to adjust debit balance of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2013 there are huge debit balances in service tax. now, how can i adjust this account in order to show nil balance in service tax

CMA Ramesh Krishnan (Expert)
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14 June 2013 you cannot adjust the balance, need to show as asset side only

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