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(Querist)
15 October 2011 dear sir i received bill of service charge as on 28-sep-2011 of Rs. 10000 with service tax 1030 total amount is 11030,in tally how how we make entry,we received this party payment as on 12-oct-2011 how we make entri in tally when our service tax payment liability raise
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
15 May 2012 It is not clear from your query whether you are service provider or service recipient.

Assuming you are service provider

Debtor A/c Dr 10,000
To Service Income 1,030
To Service Tax Payable 11,030

Service Tax Payable A/c Dr
To Bank A/c

As per Point of Taxation Rules, service tax liability arises at the time of issue of invoice or receipt of payment whichever is earlier.
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