dear Friends
Please guide me how to pass entry for service tax under reverse charge mechanisim including tds payment e.g. security services receives by us
regards
milind deoghare
milind shrikant deoghare (service/ student ) (1299 Points)
28 October 2014dear Friends
Please guide me how to pass entry for service tax under reverse charge mechanisim including tds payment e.g. security services receives by us
regards
milind deoghare
Vishal Gupta
(CA)
(59 Points)
Replied 28 October 2014
In the books of service receiver:-
1. Security Service Exp. A/c Dr.
Service Tax ITC A/c Dr. (total service tax)
To Service Provider A/c
To Service Tax Payable A/c (the reverse charge portion of total service tax)
2. Service Provider A/c Dr.
To Bank A/c
To TDS Payable A/c
3. TDS Payable A/c. Dr.
To Bank
4. Service Tax Payable A/c. Dr.
To Service Tax ITC A/c. or/and Bank A/c.
In the books of Service Provider:-
1. Service Receiver A/c. Dr.
To Sale of Service A/c.
To Service Tax Payable A/c. (Total ST minus reverse charge portion of ST)
2. Bank A/c. Dr.
TDS Receivable A/c. Dr.
To Service Receiver A/c.
3. Service Tax Payable A/c. Dr.
To Bank A/c.
Sriram
(CMA Final)
(178 Points)
Replied 28 October 2014
Service Receiver - Security Services
1. office maint. A/c dr
Cenvat A/c dr
To Sundry Creditors A/c
TDS Payable A/c
2. Service Tax Partial Reverse Charge A/c dr.
To Service Tax Payable A/c
3. Sundry Creditors A/c dr.
Service Tax Payable A/c dr.
To Bank A/c
4. Cenvat A/c dr.
To Service Tax Partial Reverse Charge A/c
Santhosh Kumar PP
(MGR - TAX)
(21 Points)
Replied 28 October 2014
V K Vijayaraghavan
(PRACTICE)
(186 Points)
Replied 29 October 2014
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