Entry for service tax input
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2016
A Car dealer purchased a vehicle worth Rs.50000/- which is inclusive of Service charges Rs.1230/- and Service Tax Rs.185/- and he issued C Form for the whole amount Rs.501415/-
How to pass entry for this transaction to take service tax input?
How to pass entry for this transaction to take service tax input?
05 December 2016
Purchase Dr. 50006.15
Service Charges Dr 1230
ST Dr 172.20
KKC Dr. 6.15
To Cash/Bank/creditors 51415.5
Note: → Value of SBC has been included in the car price, coz u can't claim ITC of SBC.
→ U may add the service charges to cost of assets (the above one is done only to explain u)
Service Charges Dr 1230
ST Dr 172.20
KKC Dr. 6.15
To Cash/Bank/creditors 51415.5
Note: → Value of SBC has been included in the car price, coz u can't claim ITC of SBC.
→ U may add the service charges to cost of assets (the above one is done only to explain u)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
