Prepaid Insurance
This query is : Resolved
AMIT KUMAR ROY
(Querist)
19 July 2008
Sir,
Thanks for expert for answering my query.
I have to pay current premium amount For Rs.29504, Service Tax on Premium amount Rs.3611 and total is Rs.33115 to Reliance General insurance. Insurance Policy covered up to 26.04.2007 to 25.04.2008. I want to know that what will be Prepaid insurance and what Journal Entry will be passed in the book. my financial year is 2007-08. Service tax input can avail on insurance or not.
Thanks SIr.
Thanks for expert for answering my query.
I have to pay current premium amount For Rs.29504, Service Tax on Premium amount Rs.3611 and total is Rs.33115 to Reliance General insurance. Insurance Policy covered up to 26.04.2007 to 25.04.2008. I want to know that what will be Prepaid insurance and what Journal Entry will be passed in the book. my financial year is 2007-08. Service tax input can avail on insurance or not.
Thanks SIr.
Taranjit Singh
(Expert)
04 October 2009
Hello, is this an old query still pending?????? plz send me a PM if yes.....
Taranjit Singh
(Expert)
04 October 2009
Hello, is this an old query still pending?????? plz send me a PM if yes.....
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