Journal entry under servicer receiver(rcm)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2014
How to make journal entry of GTA and a cab taken on contract by receiver under (RCM)
22 May 2014
A. Rent a cab
Expense a/c xXxx
To service provider a/c xxxxx
To service tax payable a/c xxxxx
Note since input credit is not available as per input service definition the service tax paid will be added to cost.
Expense a/c xXxx
To service provider a/c xxxxx
To service tax payable a/c xxxxx
Note since input credit is not available as per input service definition the service tax paid will be added to cost.
22 May 2014
B. For GTA
Expense a/c. Xxxxx.
Cenvat a/c. Xxxxxx
To Service provider a/c. Xxxxxxx
To service tax payable a/c xxxxxx
Expense a/c. Xxxxx.
Cenvat a/c. Xxxxxx
To Service provider a/c. Xxxxxxx
To service tax payable a/c xxxxxx
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