Service tax on telephone bills - journal entry
This query is : Resolved
12 June 2013
Hi the company I am auditing has service tax registration. They need to take credit of service tax paid on telephone bills against the service tax payment to Government. Kindly let me know the journal entry for service tax on Telephone bill payment and also during the payment to service tax to Government.
CA Kapil Verma
(Expert)
12 June 2013
on receiving the telephone bill.
Telephone exp Dr. 100
Service tax Receivable Dr. 12
>>>>>To, Bank or Cash 112.
on charging service tax on service bill.
Party Dr. 560
>>>To Service charges 500
>>>To Srvice tax payable 60
on payment of service tax
Service tax payable Dr. 60
>>To Service tax receivable Rs 12
>>To Bank 48
Telephone exp Dr. 100
Service tax Receivable Dr. 12
>>>>>To, Bank or Cash 112.
on charging service tax on service bill.
Party Dr. 560
>>>To Service charges 500
>>>To Srvice tax payable 60
on payment of service tax
Service tax payable Dr. 60
>>To Service tax receivable Rs 12
>>To Bank 48
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12 June 2013
Thanks a lot . This firm has not yet filed the service tax payments for the last two quarters (Oct 2012 to Mar 2013). Now only they came to know that service tax paid on telephone bills can be claimed. Can they claim the service tax paid on the first two quarters ( April - Sep ) on telephone bill against the service tax payment of the last two quarters? What about the telephone bills paid in previous years?
Kindly reply
Kindly reply
CA Kapil Verma
(Expert)
12 June 2013
yes you can claim the previous year Bills also in next returns.
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