Journal entry under service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2014
how we can make a journal entry of service received on manpower supply services.
Service provider is partnership firm and service receiver is company..
manpower Bill amount is 5 lacs.(Exclusive of service tax amount)
Thanks in advance
Service provider is partnership firm and service receiver is company..
manpower Bill amount is 5 lacs.(Exclusive of service tax amount)
Thanks in advance
16 May 2014
COMPANY DR 5 15 450/-
TO GROSS BILLS 5 00 000/-
TO S TAX PAYABLE 15 450/-
JOURNAL ENTRY
-------------------------------------------
BANK DR 5 15 450/-
TO COMPANY 5 15 450/-
CHEQUE RECEIVED
-------------------------------------------
S TAX PAYABLE DR 15 450/-
TO BANK 15 450/-
S TAX PAID
=----------------------------------------
TO GROSS BILLS 5 00 000/-
TO S TAX PAYABLE 15 450/-
JOURNAL ENTRY
-------------------------------------------
BANK DR 5 15 450/-
TO COMPANY 5 15 450/-
CHEQUE RECEIVED
-------------------------------------------
S TAX PAYABLE DR 15 450/-
TO BANK 15 450/-
S TAX PAID
=----------------------------------------
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