01 December 2010
we are in service sector.we have taken a commercial apartment on rent for office use. we have started to paid rent from july 2010 Rs. 117600 . now the owner has raised a bill of service tax of five months (from july to november). this service tax was not paid earlier with the rent invoice. Now i want to know that how to make the entry of this service tax amount in the company's books. pls let me the entry of this and also let me know that should i deduct tds on service tax amount.
Also clarify that should i have to show the input service tax separatly in the books of accounts.
20 December 2010
Yes you have to deduct TDS on service tax amount u/s. 194I. And regarding seprate entry of input service tax, if you are eligible for taking cenvat credit than seprate booking service tax is must required.
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