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Service tax

sanyogi (Accounts executive) (24 Points)

11 April 2016

I want to know accounting entries for booking purchase bills with service tax, sales invoice with service tax, and entries to book set off, payment of service tax after set off etc plz help

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Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 11 April 2016

purchase a/c. dr.
input service tax a/c dr.
to cash/ bank/ creditor a/c

cash/bank/ debtor a/c. dr.
to sales a/c
to output service tax a/c

output service tax a/c. dr.
to input service tax a/c.

output service tax a/c. dr.
to cash/bank a/c