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Accounting treatment

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2013 what are accounting treatment of Service tax under reverse charges.

for Example:

Tranporter raised bill of Rs ,5000/-( not charged service tax


what is accounting entry in the book of service recipient
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 January 2013 01. Transportation charges Debit
Service Provider's A/c credit
02. Service provider's A/c Debit
Service tax paid as reverse charge Debit
Cash/ Bank credit
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@VaibhavJ

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@VaibhavJ (Expert)
03 January 2013 Hey,

Exp A/c Dr..
.. To Creditors A/c

While makin payment..

Credotors A/c..
..To Bank / Cash A/c

Thanks!!
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