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.
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.
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
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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
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