Menu
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
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
