12 April 2012
There are Rs. 85000/- of Service tax Payable and input service tax of Rs. 8000/- in F.Y 2010-2011.
Service tax payable Rs. 85000/- shown in the balance sheet but neither input service tax credit of Rs. 8000/- set off against service tax payable nor shown in balance sheet.
Now service tax payment made of Rs. 77000/- after set off input service tax of Rs. 8000/- in 2011-2012. Hence Balance Shown in Service tax Payable A/c is Rs. 8000/- in F.Y 2011-2012.
How to treat input service tax of Rs. 8000/- in F.Y. 2011-2012
15 April 2012
You Have Might have missed entry in last year please go back if possible pass the
Service TAx Payable a/c Dr. To Input Credit on service Tax
then it will show the proper balance in balance sheet also
Querist :
Anonymous
Querist :
Anonymous
(Querist)
16 April 2012
It can't possible due to in income tax Return Servive tax payable show amount of Rs. 85000, Hence now if pass above entry then balance sheet will change.
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