SERVICE TAX
This query is : Resolved
ANAND SHARMA
(Querist)
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.
CMA Ramesh Krishnan
(Expert)
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- Section 269ST applicability for capital introduced by partner to his partnership firm
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Applicability of tax on invoice
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
