As a Manufacturer we are paying service Tax on Inwards freight
and the same amount we are taking as a credit against payment
of Excise duty. So,Pls clarify how to pass JV
- 1 Answers
- 2563 Views
- I also Faced
- E-Mail Answers
Freight A/c dr 1000.00
service tax liablity(GTA) dr--31.00
To Service tax payable(GTA)--31.00
to Transporter A/c. 1000.00
On payment of Service tax:-
Service tax payable A/c Dr 31.00
Service tax credit Taken Dr 31.00
to service tax liablity(GTA) 31.00
To BAnk A/c 31.00
Verma_moti@yahoo.co.in
| Is This Answer Correct ? | 2 Yes | 0 No |
What is accounting & why it is used?
How to pass VAT retention entry on computer and Furniture
0 Answers Athena, Blue Consulting,
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
What is the difference between income and income statement???
Explain what is the disadvantage of double entry system?
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
What is book Pfofit ?
if we have charged vat @ 5% instead of 4% ,how can we rectify that invoice ?we have already send that invoice to our client and we have received that payment also .Invoice Dated 25/01/2010 Kindly advice on that .........
Mention the types of ledgers?
Tell me the stages of double entry system?
How to approve ‘n’ no. of invoices
What is the meaning of contra entry
Audit 
