Accounting treatment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2013
what are accounting treatment of Service tax under reverse charges.
for Example:
Tranporter raised bill of Rs ,5000/-( not charged service tax
what is accounting entry in the book of service recipient
for Example:
Tranporter raised bill of Rs ,5000/-( not charged service tax
what is accounting entry in the book of service recipient
03 January 2013
01. Transportation charges Debit
Service Provider's A/c credit
02. Service provider's A/c Debit
Service tax paid as reverse charge Debit
Cash/ Bank credit
Service Provider's A/c credit
02. Service provider's A/c Debit
Service tax paid as reverse charge Debit
Cash/ Bank credit
03 January 2013
Hey,
Exp A/c Dr..
.. To Creditors A/c
While makin payment..
Credotors A/c..
..To Bank / Cash A/c
Thanks!!
Exp A/c Dr..
.. To Creditors A/c
While makin payment..
Credotors A/c..
..To Bank / Cash A/c
Thanks!!
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