Home Forum Service Tax Month 7 2012 2012 (7) This
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Reverse charge method if eligible how to pass entries in books of accounts - Service TaxExtract we are service based company service received Companay , we are eligible for revese charge method, below i given some exmples for accouting kinldy check and let me know is it correct or not At the time of purchas e.........Purchase a/c Dr Rs.100/- Service tax12.36% input a/c Dr Rs.12.36/- To Vendor a/c 112.36/- Reverse Charge Method for ex 50% Vendor a/c Rs.6.18/- To Service Tax Reverse Charge Input a/c Rs.6.18/- At the time of taken input Service Tax Reverse Charge Input a/c Rs.6.18/- To Service Tax 12.36% Input a/c Rs.6.18/-
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