Accounting for Service Tax
This query is : Resolved
20 November 2008
Can any one pls.. give me details on how to account for Service tax,
I have Advertising Company and i charges Service Tax on My Advertising Biils....?
I have Advertising Company and i charges Service Tax on My Advertising Biils....?
20 November 2008
Whenever service tax is charged to the customer, the same should be shown in the seperate account (balance sheet type) as service tax payable.
On receipt of money from the customers, the service tax component out of the same should be paid to the Govt. by debiting service tax payable account and crediting bank account.
On receipt of money from the customers, the service tax component out of the same should be paid to the Govt. by debiting service tax payable account and crediting bank account.
21 November 2008
And if any amound becomes bad debt.than that proportionate amount of Srvice tax should be debited?
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
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
