Entry for service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2012
I receive transporter invoice dated 25/03/2012 on 03/04/2012 in which service tax is to be paid by us.As last date for deposit of service tax is 31/3/2012, how entry will be passed in such case. 1) if i made entry on say 31/3/2012 than i have to pay interest on late deposit. 2) if i made entry after 31/3/2012 than rate of service tax 12.36 is applicable.What is correct course of action in this case.
CA Kishore Tallam
(Expert)
14 April 2012
If the invoice date is 25th march and also the services are availed before march 31, then u have account it before 31st march and pay interest on late remittance of service tax.
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