Reverse service tax
This query is : Resolved
22 January 2014
what will be the journal entry for the amount paid for security expenses of Rs 5000 and servuce tax of Rs 618 and where reverse service charge is applicable person receiving the service 75% and providing tje service 25%
23 January 2014
Dr.Security charges
Dr.service tax input
Cr.tds
Cr.service provider
.
(Service tax input as in bill 75Per.if rev chg other wise full st as per bill)
.
.
As and when paid under reverse chg
.
Dr.servicetax input
Cr.bank a/c
Dr.service tax input
Cr.tds
Cr.service provider
.
(Service tax input as in bill 75Per.if rev chg other wise full st as per bill)
.
.
As and when paid under reverse chg
.
Dr.servicetax input
Cr.bank a/c
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