service tax & vat

Bhole Shah (accountant) (28 Points)

05 July 2010  

 

Hi friends,

                     kindly suggest accounting entry for below given bill. i am facing problem in assessing value of service tax and value added tax return.

Original

            
RETAIL INVOICE/CASH MEMO/BILL
                 
abc
 
 
           
           
                 
Invoice No. :  316         Date: 28.10.2009  
                 
zxy        
  RR/GR No.  Date: 
                 
Sl. No. Descripttion Qty. Unit Rate            (Rs.) Amount
Rs. P.
           
1 Installation & Commissioning of Two A. Cs. 01 23000.00 23000 0
           
           
    Total 23000 0
  (On 80% Value of Basic Cost) VAT  @ 12.5 % 2300 0
  (On 33% Value of Basic Cost) Service Tax @ 10% 759 0
    Education Cess @ 2% 15 0
  Secondery Education Cess @ 1% 8 0
    GRAND  TOTAL 26082 0
  Total Value (In Words):  Rs. Twenty Six Thousand Eighty Two Only.
           
1.  All Disputes Subject to Delhi Jurisdiction Only.        
2.  Interest @ 24% P.A. shall be charged if not paid in time.        
3.  We don't accept any responsibility for any damages or         
     loss of goods in transit For Abc
                 
                 
    This is a self generated invoice.   Authorised Signatory