Revised schedule treatment
This query is : Resolved
30 June 2014
Dear All,
Due to Excess payment of Service tax in month of February 2014, Service tax payable is showing Debit balance as well as credit balance for the liability of March month as on 31.03.2014.
Here Net of Service tax liability of Service tax payable should be shown in statutory liabilities ????
Or Debit balance should be shown in Balances with Government ????
Due to Excess payment of Service tax in month of February 2014, Service tax payable is showing Debit balance as well as credit balance for the liability of March month as on 31.03.2014.
Here Net of Service tax liability of Service tax payable should be shown in statutory liabilities ????
Or Debit balance should be shown in Balances with Government ????
30 June 2014
both the treatments are correct.
30 June 2014
Thanks a lot madam..
01 July 2014
net balance must be shown in liability
01 July 2014
@ Mr. Arun,
If service tax is deposited under provisional basis for GTA because of which ST Payable is showing Debit balance, Then would you change ur answer???
If service tax is deposited under provisional basis for GTA because of which ST Payable is showing Debit balance, Then would you change ur answer???
04 July 2014
if ur net balance is credit, you have to show it in liability side, but if the same is debit at the end of year, you have to show it in loan and advances with govt authorities.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
