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Service tax input quary
I have booked Audit Fees payable of on 31st March 2016 for the F.Y. 2015-16 & I have deposited TDS on it but didn't take service tax input credit . now I have received Bill form my Auditor for audit fees + Service Tax. can i take Service Tax Input Credit now ? & if Yes then what entry I will pass in my books.
Replies (3)
yes..you can take credit of service tax..
entry shall be as follow
outstanding audit fee dr
Input St Credit dr
To Bank
entry shall be as follow
outstanding audit fee dr
Input St Credit dr
To Bank
PLZ TELL BILL DATE OR PAYMENT DATE
please note..
you have already booked the liability of audit fees as follow
audit fees dr
To Auditor
now you received the invoice and want to take credit and book the amount as follow on date of invoice
s tax input credit dr
To Auditor
when you pay the fees
Auditor dr
To Bank
you have already booked the liability of audit fees as follow
audit fees dr
To Auditor
now you received the invoice and want to take credit and book the amount as follow on date of invoice
s tax input credit dr
To Auditor
when you pay the fees
Auditor dr
To Bank
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