24 April 2012
Our co. maintain 2 accounts for transporter 1 for inward freigth 2 for outward freigth. Due to oversite in March 2012 we deposit service tax for only 1 account i.e freight outward & the other one is paid on 21 April 2012. Now problem arise is what is the accounting entry for this situation as service tax payble account is to be NIL on 31/3/2012 but in our case there is a credit balance for which payment is made in April 2012.