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

View Answer
  1. Accounts and Finance
  2. Accounts with Taxes

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.