if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes

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if get the bill of rs.60000+service tax @10.3%.then how do
the entry in bookes

Question Posted / rajeev jha

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if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes..

Answer / ghanshyam

exp./purchase a/c dr. 66180
to creditors a/c 60000
to servoce tax paid 6000
to edu. cess 180

Is This Answer Correct ?

10 Yes

2 No

if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes..

Answer / s p yadav

Sorry Guys. I written wrong figre of previous answere

Expense A/c Dr. 60000/-

Cenvat Receivable A/c Dr. 6180/-

To Patry A/c 66180/-

Party A/c Dr. 66180/-

To Bank A/ 66180/-

Is This Answer Correct ?

8 Yes

1 No

if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes..

Answer / narayan pawar

Purchase A/c Dr 66180
To sundry creditors A/c 60000
To service tax paid A/c 6180

Is This Answer Correct ?

11 Yes

5 No

if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes..

Answer / srinivas

purchase a/c Dr 60000
input service tax Dr 6000
input educationcess dr 120
input h.ed.cess dr 60

To party a/c 66180

Is This Answer Correct ?

4 Yes

0 No

if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes..

Answer / vijendra

expenses a/c........Dr 66180
TO Party A/c 60000
To Input service tax A/c 6180

Is This Answer Correct ?

3 Yes

1 No

if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes..

Answer / vijendra

exp.purchases a/c....Dr 60000.00
Input Service a/c....Dr 6180.00

To Party a/c 66180.00

Is This Answer Correct ?

1 Yes

0 No

if get the bill of rs.60000+service tax @10.3%.then how do the entry in bookes..

Answer / ayyanar

I telling Examples,

Bill Received Rs 33090 /= of Proffessional fee with service
tax .

Bill Value - Rs 30000 /=
Service tax -Rs 3090 /= (10.3%)
Total is Rs 33090 /=

Now Entry is

"
Professional fee A/c Dr Rs 30000
Service tax 10 % A/c Dr Rs 3000
Service(Ed ces)3%A/c Dr Rs 90
To TDS on Professional a/c cr Rs 3309
To Party a/c cr Rs 29781

"