service tax accounting

for example rent paid is rs.54000, serv tax there on is rs.6674 total bill amt. rs.60674, tds there on is rs.9374. pl. inform how to show these figures in etds return & P/L ACCOUNT
Replies (4)
UR A/CTINE ENTRY SHOULD BE DR RENT 60674-----EXPS IN P& l A/C CR BANK 51300 CR TDS 9374------IN B/S AS CURRENT LIABILITY & WHEN U PAY IT THIS A/C WILL BE NULLIFIED B/C TDS IS CALCULATED ON BILL AMT THEREFORE IN E-TDS RETURN U'LL WRITE RS. 60674 . REPLY IF U HAVE ANY QUERY.
thank you. satisfied with your reply, further pl. inform whether the total amt of rent including serv. tax i.e. 60674 will be allowed as exp. while calculating the tax liability. & also suggest for what figure to be show in tds cetificate to be given to the party (in collumn amtount of payment?
want to know whether service tax paid on bills can be allowed as expenses or to be shown under advances - asset side of the balance sheet which will be netted with serive tax payable a/c at the time of making payment to servive tax
no i want only that the rent amount is rs 54000 & serv. tax there on is rs.6074 so while calculating the i.t. liablility the total expenses of rs.60674 will be allowed as exp. or not? secondly to give the tds certificate to the party what amount should be shown under amount of payment collumn i.e. the only rent amt. or the amt. including serv. tax because in the books of party it will show only the rent amt. i.e. 54000/- & serv. tax recd. by him is liablity to him.

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