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how to show service tax in audit fees entry

suman (accountant) (82 Points)

18 June 2017

I have passed entry in mar-16 audit fees dr.
To audit fees payable with 40000+service tax

but in oct-16 bill received from auditor 50000+service tax

And i have already claim the service tax in oct-16 to mar-17 return.

Plz guide me what entry should be pass now to claim service tax.

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6 Replies

(Guest)

Does it mean that fee belongs to 2015-16 year, and you made a provision for fee including service tax, in March month without having an invoice?

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suman (accountant) (82 Points)
Replied 18 June 2017

yes, invoice belongs to 15-16 and we make provision in mar 16 and bill recived in oct 16

(Guest)

If the bill is dated Oct'16 and you have set off the input service tax against output service tax payable in March'16. Then, it has been wrongly taken and you are liable for interest amount.

If you can manage invoice dated Mar'16, then take it for 50,000 and balance of 10,000, dated Oct'16.

Consult your CA for solution.

(Guest)

Originally posted by : suman
	I have passed entry in mar-16 audit fees dr. To audit fees payable with 40000+service taxbut in oct-16 bill received from auditor 50000+service tax And i have already claim the service tax in oct-16 to mar-17 return. Plz guide me what entry should be pass now to claim service tax.

You have shown it in oct-mar 2017 return. It's correct then. Because, invoice date is within the period of the return filed. Right!?

You can revise oct-mar 2017 return to claim full credit on 50,000.

Correct me if I misunderstood your query.

suman (accountant) (82 Points)
Replied 19 June 2017

I have taken the credit of service tax in oct 16-mar 17 return. i want to know the journal entry which i have to pass in oct-16 seperating service tax.