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