Dear Sir,
How to pass service tax provision entry (with input service credit and output service tax)
Pls explain detailed entries.
Regards
S Sathiskumar
Harpreet
(* * * * * *)
(1670 Points)
Replied 11 April 2011
For Input
Exp Dr 100
Service Tax Input Dr 10.3
To Provision for expenses 100
To Provision for Service Tax Input 10.3
For output service tax you have to evaluate the final income as all the companies has to final the income and you will get the service tax part as well.
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