Related to service tax

Knowledge resource 511 views 2 replies

If I make a payment including service tax then should I book service in a/c seperately or not? 

Replies (2)

if you want to claim input credit on service tax then pass service tax entry otherwise no need.

Pass the following Journal Entry

 

Z Security Service (Creditor) A/c                          Dr.        10000

 Input Service Tax A/c                                             Dr.           1030

          To Bank A/c                                                                                  11030

(being Payment made for security service )

 

 

Regards,
Devendra


CCI Pro

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