Provision Entry of Bills Containing Service Tax

This query is : Resolved

Ravi Kiran (Querist)
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17 July 2008 Dear Sir,
If I want a make a provision entry of Audit Fees since we have not recd the bill Rs 1,00,000/- Should i show separate entry of Service Tax of Rs 12360/- or should i make consolidated entry of Rs 112360/-

Please clarify

Regards

Ravi Konda

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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17 July 2008 The entry, before receipt of bill will be only a consolidated one.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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17 July 2008 entry will be make as below

Audit fee Dr 100000
Service tax receivable Dr 12000
Cess on service tax receivable Dr.240
Sec.& higher Edu,cess Dr.120
Audito & Co. Cr. 112360

then TDS should be Deduct also.