Dear Sir,
I like to know the Accounting entry for the following :
Company A is engaged in Bagging and
Transportation of Fartilizer produced by Company B .
Company A raises invoice to Company B by adding Service Tax @ 12. 36 % . ( Category of Service : Business Auxiliary Services )
Company A , in course of providing Service , takes Manpower Service from Company C which raises Bill on Company A by Adding Service Tax @ 12. 36 % ( Supply of manpower )
what should be the accouting implication for the Amendment of Service Tax Rule for Manpower supply Agencies .
( 75% and 25 % sharing Conception )
Kindly explain with Accounting Engry in the Books of Company A and C .
Would it put any change in percentage of Revenue generation to the Government ?
Kinldy Share your Valued openion .
Thanks and Regards
Debashis Banerjee
CAclubindia
