Plz suggest me entry of service tax
Party's Account dr. Rs. 110.30
To service Provided Rs.100
To Service Tax Rs. 10
To Secondry & higher E.S. Rs. .30
OR
Party's Account dr. Rs.110.30
To Services Provided(inclusive of Service Tax) Rs.110.30
11 Replies
valji
(Accounts manager-MBA)
(2150 Points)
Replied 07 June 2011
if manufacturing company then pass first otherwsie second
CA Dheeraj Bansal
(Chartered Accountant)
(652 Points)
Replied 07 June 2011
In case of service provider. ist entry or second entry
valji
(Accounts manager-MBA)
(2150 Points)
Replied 07 June 2011
incase of service provide pass first entry
Deepak Gupta
(CA Student)
(15922 Points)
Replied 07 June 2011
Debtor A/c..................Dr
To Service Provided
To Service Tax @ 10%
To Education Cess @ 2%
To Secondary Education Cess @ 1%
.
If you bifurcate/pass the entry as mentioned above it will be easier for you to fill the Challan and Serive Tax Return.
sameeksha
(student)
(49 Points)
Replied 10 June 2011
From service provider's point of view.
Party A/c Dr
To service provided
To service tax @ 10%
To Edu cess @ 2%
To SHE cess @ 1%
As the Edu cess and SHE cess have separate accounting codes , the same should be shown separately.
Umesh S. Goyal
(CA Final Articled Assistant)
(294 Points)
Replied 10 June 2011
Whatever it is .....
The entry should be passes as
Party A/c Dr
To service provided
To service tax @ 10%
To Edu cess @ 2%
To SHE cess @ 1%
Because it will be easy for bifurcation
AnKiT
(CA )
(57 Points)
Replied 11 June 2011
Form Service Receipient's point of view:
Expences(sevice) A/C Dr. 110.30
TO Service provider's 98
TO Service Tax payable 10.30
TO TDS Payable (if any) 2
Amarjeet
(Accountant)
(26 Points)
Replied 07 July 2012
if service tax is on freight outward & inward then entry will be
Inward & outward Dr
To Service tax 12%
To Edu. Cess 2%
To Sc. cess 1%.
Am i rite ?
Please
PANKAJ KUMAR MISHRA
(Manager Accounts)
(27 Points)
Replied 14 September 2012
Debtors A/c Dr. 10030
To Professional fee A/c Cr. 10000
To Eduction Cess @ 2% 20
To Higher Eduction Cess @ 1% 10
VENKATA NAIDU
(ACCOUNANT)
(25 Points)
Replied 16 April 2016
Sir i hava problem
Y provied service to X transport 30000/- service tax 4350/-
Pls give entries y and x books
Thanking you sir,
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
