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what is Rate of Service tax and Entry of Service Tax?

Answer Posted / gautamkumarsahu

service tax rate is 10% + H.E. 2% + S.H.E. 1%


entry for the service tax

(1) respected service charge A/c dr. .........
to service tax a/c ..........
(being amount due for service tax)

(2)service tax a/c dr. ...........
to bank a/c .......
(being amount paid to service tax department)

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