service tax liab on gym servuces
This query is : Resolved
Kumar Gaurav
(Querist)
10 November 2016
hi experts
we r providing gym services.
question is tht say if we chrge fee of rs. 15000 incuding service tax of rs. 3000 and tht is also for the period of 1.10.16 to 31.3.17 thn entry will be as under
cash dr 15000
to service tax 3000
to income 6000
to advances gym fee 6000
pl cnfrn d abov entry frm service tax point of view spcly
CA R SEETHARAMAN
(Expert)
11 November 2016
The entry is right both service tax point of view and accounting point of view. The service tax is more than 15% check and correct it.
Kumar Gaurav
(Querist)
11 November 2016
pls cnfrm service tax rate also i guess 15% is right
CA R SEETHARAMAN
(Expert)
11 November 2016
Yes it is 15%...................
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