banner_ad

Accounts treatment

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 April 2010 One of our labour contractor claiming service tax & PF on company.What's the treatment in accounts.
Is here service tax & PF amount treat seperatly if yes in which under group (Expense or Liability)
Profile Image

Kamlesh Chokhani

Profile Image

Kamlesh Chokhani (Expert)
16 April 2010 Hi Friend

The same should be charged to natural head of expense account. suppoose Total cost os Rs. 100 ( lobor charge- Rs. 80, Pf Rs. 10 , ST Rs. 10) . 100 Rs. should be debited to expense account. ( asuming credit of service tax not availbale)

If credit of service tax available to you rs. 10 should be transfered to service tax receivable account and Rs. 90 should vbe shown as expense.

thx and rgds


Kamlesh chokhani
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details