I Want to make a provision entry of Entry of Audit Fees of Rs 1,00,000/- + Service Tax Rs 12,360/- Should i make separate entry of Rs 1 Lac and Rs 12,360/- or Should i make entry of Rs 1,12,360/- since we have not recd the bill
17 July 2008
Since the liability for service tax is a ascertained liability, it must be provided. As far as providing for a liability is concerned, the audit fee and the service tax thereon stand at par.
CAclubindia
