Tution fee refund

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 April 2014 What is the entry when I received Tut ion Fee Rs.10,000.00 in Feb.2014 & I have to Refund the Tution Fee Today ?

May Deduct Service Tax while making payment?

What is the Entry for that ?
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Rupesh Jain

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Rupesh Jain (Expert)
24 April 2014 YOU HAVE TO REFUND THE SERVICE TAX . DUE TO YOU HAVE RECEIVE FEE AS ADVANCE THEN YOU MAKE REVERSE ENTRY MAKE IN FEB -2014.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 April 2014 But Sir I want to Refund the Fee in this F.Year then how I pass entry in last Financial Year ?

Kindly explain.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 April 2014 in 2013-14 u must have passed follwoing entry as:

Bank a/c....dr 10,000
to Tuition fees recieved 10,000
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