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what is the process of paid unpaid in service tax
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Answer Posted / 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
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