what is the process of paid unpaid in service tax

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what is the process of paid unpaid in service tax..

Answer / 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

Is This Answer Correct ?    4 Yes 2 No

what is the process of paid unpaid in service tax..

Answer / bablu kumar singh

Service tax a/c ......dr
To Cash/Bank a/c


Service Tax Payable A/c......Dr
To Cash/Bank A/c

Is This Answer Correct ?    0 Yes 0 No

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