service tax

This query is : Resolved

monia (Querist)
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29 May 2009 Hi all

I want to know about service tax how its returns are filled and what is criteria? What is general entery at the time of receiving service and at the time of giving service? If I take telephone service and give service tax and then same service is given to other person by me that service tax would be refundable?

jatin kapoor

jatin kapoor (Expert)
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29 May 2009 in service tax returns , st-3 form is used to file its return .

when u give a service,
party dr.
to service tax
to sales

when u receive service,
service tax dr.
to party

the amount of service tax received can be adjusted against service tax paid

for any other query mail to jatin.jatinkapoor@gmail.com
or call 9873603671

Jiwan singh

Jiwan singh (Expert)
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30 May 2009 Service tax return to be filed half yearly in st-3 upto next 25

1- Journal entry of service provide

Party a/c dr
Service tax payable cr
Sale cr

2- Journal entry/Payment entry of service received

Expense a/c dr
service tax receivable a/c dr
Creditors cr

3- Adjustment entry of Service tax payable

Service tax payable a/c dr
Cash/Bank a/c cr
Service tax refundable a/c cr