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Help....regarding service tax

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Archana Das

CA Final student

405 Points Posted on 27 October 2012

hey,

During my audit i came across 4 A/c in my client's Tally system i.e

1. Service tax (paid/credit) A/c

2.Service tax payable Expense A/c

3.Service tax payable A/c

4.Service tax A/c

Can any1 plz explain to me what is recorded in each of these accounts,

also mention the way of accounting the same.

And when (which cases) should service tax be reversed ?

Thank you

Replies (1)

Manoj BG

Tax Professional and in Service

1637 Points Posted on 27 October 2012

Archana,

you have to ask your client regading this. The question you asked is specific to your client system of accounting. You can get the purpose of accounts ledgers by carefully analysing and scrutiising ledgers and transaction reflected therein.

1. Service tax (paid/credit) A/c 2.Service tax payable Expense A/c 3.Service tax payable A/c 4.Service tax A/c

Read more at: /forum/help-regarding-service-tax-225656.asp#.UIwS9oYVlf0

Thanks and Regards,

Manoj

1. Service tax (paid/credit) A/c 2.Service tax payable Expense A/c 3.Service tax payable A/c 4.Service tax A/c

Read more at: /forum/help-regarding-service-tax-225656.asp#.UIwS9oYVlf0