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how to calculate service tax

Answer Posted / deepak samantaray

At the Time of Payment:-

Expenditure A/C Dr 10000/-
Service Tax Receivable A/C Dr 1236/-
To Cash/Bank 11236/-


At the Time of Received:-

Cash/Bank A/C Dr 11236/-
To Income 10000/-
To Service Tax Payable 1236/-

Is This Answer Correct ?    4 Yes 0 No



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