Urgent please
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2016
whether reversal of any journal entry of any service and service tax input on such services can be assumed that cenvat credit utilised. service received from A
service amount =10,000
ST =1500
Total amount =11,500 Booked at the receipt of invoice
Now i want to reverse entry of
A A/C Dr 11,500
To service Charges Rs. 10,000
To service tax 1500
but after reversal of above entry whether it can be assumed that Rs. 1500
Service tax =1400
KKC =50.00
SBC =50.00
total =1500/-
cenvat credit has been utilised or not .
service amount =10,000
ST =1500
Total amount =11,500 Booked at the receipt of invoice
Now i want to reverse entry of
A A/C Dr 11,500
To service Charges Rs. 10,000
To service tax 1500
but after reversal of above entry whether it can be assumed that Rs. 1500
Service tax =1400
KKC =50.00
SBC =50.00
total =1500/-
cenvat credit has been utilised or not .
21 October 2016
In case, Service Tax is the account where Service Tax input paid has been parked and the liability towards Services provided is credited in the same account then it may be said that Service Tax Input has been utilized to that extent.
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