Reverse charge method if eligible how to pass entries in books of accounts

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..... 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/- .....

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..... 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/- - Reply By vasudevan unnikrishnan - The Reply = The Reverse charge and the rates to be shar .....

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..... ed for the 12 services has been enlisted in the notification no 30/2012. Pl. note that there are conditions also that for some sevices,if provided to 'body corporates' by non corporate agencies only are to be shared . However,the cenvat credit can be availed if the availed services are eligible as 'input services'.as per Cenvat Credit Rule, 2004, unnikrishnan v. - Reverse charge method .....

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..... if eligible how to pass entries in books of accounts - Query Started By: - KOTESWAR PS Dated:- 23-7-2012 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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