Trupti Joshi (Accountant) (61 Points)
08 November 2016
CA VIRAL SANGHVI
(Finance head)
(681 Points)
Replied 08 November 2016
Hi,
You can create the SERVICE TAX ACCOUNT AND FINAL KRISHI KALYAN CESS
Transfer the Input service tax entry in service tax account by passing the following journal entry
SERVICE TAX ACCOUNT DR..66132.48
FINAL KRISHI KALYAN CESS DR.5876.96
TO INPUT SERVICE TAX 66132.48
TO KRISHI KALYAN CESS 5876.96
and transfer output service tax entry in service tax account by passing following journal entry
OUTPUT SERVICE TAX A/C DR..31594.14
TO SERVICE TAX A/C 31594.14
in case of output swachh bharat cess you have to pay it,no cenvat credit is available on this.
So service tax account reflecting 34538.34 dr receivable
you have to pay swachh bharat cess Rs.1664.5
Trupti Joshi
(Accountant)
(61 Points)
Replied 08 November 2016
BUT WHAT ABOUT SWACCH BHARAT CESS & IF THERE IS OUTPUT KKC ?
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