Check sibling questions

Service Tax is not used anymore

Please check GST - https://www.teachoo.com/gst/

 

Example 5

Payment Made in Advance

The Company entered into connect with Max Ltd on 25 April for 100,000+ Service Tax 15%

20% paid in advance on that date to Max Ltd

Bill Received on 10th June from Max for Consultancy Service

Balance 80% Paid on 28 October

Pass Entries assuming no TDS

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.