1. what are the ledgers to be open for service tax
accounting & under which group in tally?
2. what is the journal entry to be pass when adjusting
input & output service tax at the end of the month?
Regards
Sakthivel
sakthi_135@hotmail.com
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Answer / sanjay
if your comapany not in service sector so u can opne its
indirect income.
when u book & raise service tax the entry will be cr.
output service tax input dr. and you do jr entry dr. sertax
and cr. bank.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pramod powar
fristly create aservice tax ledger under sales grouping
secondly create a ledger output service tax under duties &
taxes grouping
At the End Of The Month Entry Will Be
Output Service tax A/c Dr
To Bank A/c Cr
Regards
Pramod Powar
pramodgpowar@gmail.com
| Is This Answer Correct ? | 2 Yes | 1 No |
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