Reverse charge entry
Querist : Anonymous
I am service receiver of labour contract. The
contractor Provide me boll as follow :
Labour charge 100000
3 % service tax 750
2 % edu cess 15
1% h edu 8
As it comes under reverse charge
please specify journal entry
First of All Service Provider Should be Individual/HUF/Partnership Firm
Secondly Service Receiver should be Company Assessee
Third Service Tax On Manpower Supply will be on Service Provider
Service Tax 3,000/- (1,00,000 x 12.00% x 25.00%)
Education Cess 60/- (3000 x 2%)
SHEC 30/- (3,00 x 1%)
Total 3,090/-
Querist : Anonymous
what journal entry to be pass by service provider & service receiver ?
labour exp
service tax receivable3%
service tax receivable 9%
to contractor
to service tax payable 9%
to tds (if any)
ON DEPOSIT THE SERVICET AX
service tax payable 9%
TO BANK A/C
FOR REVERSE CHARGE SERVICE PROVIDER MAKE NO ENTRY.
Querist : Anonymous
if service provider not pass any entry,then how he will pay 3 % service tax
Click here to login now
Similar Resolved Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
