I AM WORKING IN PARAS TRAVEL COMPANY I ISSUED A BILL IN A FAVOUR OF AJAY BUILDERS PVT LTD FOR RS 15742/- ( BILL AMOUNT RS 15000 + SERVICE TAX 4.944 % = 742
I WANT TO KNOW WHAT IS SERVICE TAX ENTERY & SERVICE TAX PAYABLE
PLEASE RESOLVE MY QUERY. plese tell me what about balance service tax i thank to you but sir ( i had paid service tax 4.944 % ) ( total service tax is 12.36 % - 4.944 = 7.416 % ) what is service tax journal entry of 7.416 %
21 September 2012
Ajay Builders Pvt Ltd a/c dr 742 To service tax a/c 742 (Being service provided to Ajay Builders Pvt Ltd for Rs.15000 service tax collected @4.944%)
At the time of payment of service tax Service tax a/c dr 742 To cash/bank a/c 742 (Being service tax collected now remitted to the government vide chalana no of so and so bank name)