Service tax reverse charge accounts entry

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Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2014 in the reverse charge mechanism how entry will be passed.

please tell me in detail.

Thanking you,

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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18 March 2014 1. At the time of receipt of invoice

Expense A/c Dr
To Vendor

2. Recording of service tax liability

CENVAT Credit Input Service (Deferred)
To Service Tax Payable

3. Payment of service tax

Service Tax Payable A/c Dr
To Bank

4. Avail CENVAT Credit

CENVAT Credit Input Service Dr
To CENVAT Credit Input Service (Deferred)