Journal entry

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2012 SIR

I AM WORKING IN PARAS TRAVEL COMPANY
I ISSUED A BILL IN A FAVOUR OF AJAY BUILDERS PVT LTD FOR RS 15742/- ( BILL AMOUNT RS 15000 + SERVICE TAX 4.944 % = 742

I WANT TO KNOW WHAT IS SERVICE TAX ENTERY & SERVICE TAX PAYABLE

PLEASE RESOLVE MY QUERY. plese tell me what about balance service tax
i thank to you
but sir
( i had paid service tax 4.944 % ) ( total service tax is 12.36 % - 4.944 = 7.416 % ) what is service tax journal entry of 7.416 %

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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21 September 2012 Ajay Builders Pvt Ltd a/c dr 742
To service tax a/c 742
(Being service provided to Ajay Builders Pvt Ltd for Rs.15000 service tax collected @4.944%)

At the time of payment of service tax
Service tax a/c dr 742
To cash/bank a/c 742
(Being service tax collected now remitted to the government vide chalana no of so and so bank name)

OM SAI SRI SAI JAI JAI SAI

GN Patankar

GN Patankar (Expert)
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21 September 2012 Entry in Books

Ajay Builders P Ltd Dr 15742/-
To Service tax payable 742/-
To Income account 15000/-

While making payment of Service Tax

Service tax payable A/c Dr 742/-
To Bank/Cash acct 742/-

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