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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

Question Posted / sakthi_135

Answers were Sorted based on User's Feedback



1. what are the ledgers to be open for service tax accounting & under which group in tally? ..

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

1. what are the ledgers to be open for service tax accounting & under which group in tally? ..

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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