journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2015
Suppose our input service tax is Rs 2000 & our output service tax is Rs 1000 /- then what will be journal entry?
Suppose our input service tax is Rs 1000 & our output service tax is Rs 2000 /- then what will be journal entry?
& what will be final entry of service tax payable entry ?
Waiting for feedback.
Suppose our input service tax is Rs 1000 & our output service tax is Rs 2000 /- then what will be journal entry?
& what will be final entry of service tax payable entry ?
Waiting for feedback.
CA AnKiT BoHrA (AB)
(Expert)
22 January 2015
transfer both the balance in payabale account... automatically payable account wil stand with the net amount which u had to pay...
CA Parul Saxena
(Expert)
22 January 2015
Case-1
Service tax output Dr..............1000
To Service tax input..................1000
(Being service tax output adjusted against input)
Case-2
Service tax output Dr.............2000
To Service tax input...................1000
To Service tax payable.................1000
(Being service tax output adjusted against input)
Service tax payable Dr...............1000
To Bank.............................1000
Service tax output Dr..............1000
To Service tax input..................1000
(Being service tax output adjusted against input)
Case-2
Service tax output Dr.............2000
To Service tax input...................1000
To Service tax payable.................1000
(Being service tax output adjusted against input)
Service tax payable Dr...............1000
To Bank.............................1000
Rupesh Jain
(Expert)
22 January 2015
OUTPUT SERVICE A/C DR 1000
TO INPUT SERVCI TAX A/C 1000
TO INPUT SERVCI TAX A/C 1000
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