there is query regarding service tax and accounts in construction industry
we have received mobilization advance from the client of Rs 1,46,00,000 ( service tax on the same has been deposited for march,2012)and submitted the bill of the same amount as on 31.03.2012 and shown as work done in books, but the bill was certified by the client for Rs.1,17,00,000 on 30.06.2012 and entered in their books on 30.06.2012. the confusion is how to book entries regarding service tax , work done ?
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