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journal entry

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Querist : Anonymous

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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 ?

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CA AnKiT BoHrA (AB)

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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...
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CA Parul Saxena

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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
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Rupesh Jain

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Rupesh Jain (Expert)
22 January 2015 OUTPUT SERVICE A/C DR 1000

TO INPUT SERVCI TAX A/C 1000
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