As per service tax act 1994(july 1), "Service tax" is a
kind of tax which charges are collecting from the service
providers at certin persentage is called service tax and
also who consumed the service from the service providers,
is also liable for payment of service tax to the GOVT.
For example:1)Transpotr services.
2)Hotels & Motels services
3)Cleaning & Furnishing services
4)Rental Room & Things
5)Such a more about 121 services are taxable in
india excempt Jammu & Kashmir.
if you reconsilation is doing at end of the month 31 march.
you have question for one amount on 30th march which is the
banker said that we do not know about the 30th march entry,
the amount deposit and expenses. please come after one week.
but u need to complete reconcilation end of march. so, what
will you do know?