Service Tax Receivable
This query is : Resolved
07 July 2008
Dear sir,
While making payment to BSNL.We will make entry as follow:
Telephone expenses ac ----Dr.
Service Tax rece ac ------Dr.
To Cash / bank ac.
But this Service Tax Reced Ac will show Debit balance.What will be the next accounting entry & Taxation provision.
Plz tell help me.
While making payment to BSNL.We will make entry as follow:
Telephone expenses ac ----Dr.
Service Tax rece ac ------Dr.
To Cash / bank ac.
But this Service Tax Reced Ac will show Debit balance.What will be the next accounting entry & Taxation provision.
Plz tell help me.
07 July 2008
If you are utilising servicetax for Cenvat,
Cenvat utilisation account Dr
To Service tax recoverable
If you are not utilising, Then,
Service tax a/c dr
To servicetax recoverable
Cenvat utilisation account Dr
To Service tax recoverable
If you are not utilising, Then,
Service tax a/c dr
To servicetax recoverable
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 CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- FCRA 6 E- Intimation
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ITR 4 and Bank transactions
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
