what is the process of paid unpaid in service tax

Answer Posted / ravindra

service tax is the tax which is levied on all the service
providers for rendering their services

paid service tax is an expense

formulae - total receipts *rate of tax / 100+rate of tax

journal entry- service tax a/c dr
to bank

un paid service tax is an liability
service tax payable a/c dr
to cash or bank

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