Hi,
Service tax liability is only when received. So how to keep a track in accounting to ensure that service tax billed out is received.
3 Replies
Shyam Lal Naik
(Service)
(6158 Points)
Replied 25 July 2007
There are accounting softwares taking care of this problem now a days. for eg. Tally. How ever, I would suggest to prepare two registers independent of accounting entries. 1. Bill Register and 2. Receipt register till you find a reliable solution through accounting entries.
Gauravgupta
(63 Points)
Replied 25 July 2007
In addition to a bill book maintain a numbered reciept book also(i.e. give reciepts to the parties/clients when they make payment) ........ service tax liability can be ascertained from it
Ganesh
(Accountant)
(72 Points)
Replied 25 July 2007
Please send me the above to
utiganesh @ gmail.com
Recent Topics
- Tax on EPF post separation, when there is no Emplo
- Ancestral HUF property after partition belongs to
- Looking for Hospital M&A Opportunities –
- ITC Not Auto-Populating in GSTR-3B Despite Ledger
- Official answer for income tax query
- FD in ITR-4
- Exception in salary - new tax regime
- Tax Calculation as per New Tax regime
- What is Annexure B
- TDS by tenant
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
