interest on tax

A/c entries 833 views 1 replies

hi all  respected and dears

    tell me if we make a bill for service tax and charge ser. tax but not deposited it with in time due to it some interest has to be paid .what will be a/cing entries for the whole procedures.from raising bill to payment of tax with interest.

thanks and regards

abid husain

 

 

 

Replies (1)

Simple. Please account for it as Inteest Charges. Thats all. Interest charges A/c to bank/Cash A/c. Thats all. 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register