sudesh (account officer) (29 Points)
03 July 2012Dear All,
Can you please explain me In import service how show Service tax effect in the books?
Currently we are show below mention entry, please said it is correct or not.
Expenses A/c (Indirect Expenses) ________________Dr
Service Tax on foreign A/c (Duty and Tax) _________Dr
Service Tax Payable A/c (Duty and Tax) ________________Cr
TDS A/c (Duty and Tax) ____________________________Cr
Party (Sundry Creditor) ____________________________Cr
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 03 July 2012
Prasad
(Sr. Manager)
(617 Points)
Replied 03 July 2012
you are entitiled to take service tax credit on the transcations.
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 03 July 2012
sudesh
(account officer)
(29 Points)
Replied 04 July 2012
Dear Mr.Ajit
Can you pleas explaim me what is correct booking entry on Import services ..
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 04 July 2012
sudesh
(account officer)
(29 Points)
Replied 04 July 2012
Thank Ajit
But one more quiestion, "Service tax paid on import" this account will be under "Duties & Taxes" OR "Expenses"
Because in the case of Import services, service Tax will be beared by Service Receiver..
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 04 July 2012
sudesh
(account officer)
(29 Points)
Replied 04 July 2012
Thaks Ajit
It is so usefull for me.........
sudesh
(account officer)
(29 Points)
Replied 20 July 2012
Dear All,
As per Income tax section 10 how we trit to office Wear Allownace........
CAclubindia
