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Rcm on man power supply

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(Querist)
19 August 2015 Hi the man power supply agency has given a bill for 21000/-, and the tds is being deducted at 2% & paid to them. my question is what about rcm? how exactly we have to pass entry for the bill?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 August 2015 You have to pay service tax under RCM at 14% on 21000 if you are a company.
Man power supply expenses Dr 21000+ 14% service tax
To TDS Cr 420
To service tax payable under RCM Cr 2940
To bank Cr 20580
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