Accounting entry of service tax paid in vces

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 December 2013 Hello,
My Company paid about 1,58,928 which is 50% of service tax amount due for period oct 07 - dec 12 under Vces scheme.What will be the accounting entry in books for this fy.

25 December 2013

Service Tax Expenses Dr 158928

To Bank 158928

(Being Amount paid for the period ( oct 07- tp Dec-12)

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2013 Thank you sir for your help.


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