SERVICE TAX
This query is : Resolved
02 August 2010
I AM WORKING IN A FIRM. RECENTLY WE DEPOSITED THE SERVICE TAX FOR THE F.Y. 2006-07, 2007-08 & 2008-09. I WANT TO KNOW WHAT IS THE ACCOUNTING TREATMENT OF AMOUNT OF SERVICE TAX DEPOSITED BY US AS THERE IS NO PAYABLE SERVICE TAX EXIST IN BALANCE SHEET AS ON 01.04.2009.
02 August 2010
My under standing you are not created the ST liability for the past period how ever the same is created now. if you are colleceting the same from your client you debit them and credit the liability and make entry agnsit the same, other wise you need to debit service tax paid and charge it off in p&l a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Putting a heading on received mail
- Consolidated financials
- TDS on TRUST
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
