service tax entry

1058 views 4 replies

Hi,

Tell  me  accounting  entry  for  service tax.

If a paid  a  service  tax  to 'A'  for Rs, 100/- What  entry  should  i  pass  in  my  book.

 

 

Replies (4)

for services purchased by you

purchase services      Dr

Service Tax on purchase   Dr.

Bank/ Cash  A/c                                Cr

For Charge of Service Tax on sales Services

Party A/c        Dr

Sales Services           Cr.

Service Tax on Sales       Cr

For Set off of Service Tax Liability

Service Tax on Sales     Dr

Service Tax on Purchase           Cr.

Service Tax Payable                  Cr

if you have further querry, can call me on my cell 9910083829

 

 

 Service purchase exp.          Dr.

Input service                          Dr.

            To Cash or Bank a/c

Sorry by mistake i write the  input service

but correct is input service tax.     Dr.

your  named

           head a/c dr

           service tax dr

                       To  cash / bank

and one thing if you are paying serivce tax made the service tax input and service tax out put transfering to service tax payable A/c final you got the Amount of Service tax pable amount


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register