Accounts Tax GST

We are lubricant oil Manufacturer. Also we are service user. We have taken service tax input in Excice duty return & we have filed Service tax return also. Pls advice what entry to be passed for this..? Its urgent.

ACCOUNTS AUTOSTAR's image
ACCOUNTS AUTOSTAR
Jan. 20, 2018, 1:02 p.m.

Answers!

Davneet Singh's image
Davneet Singh
Jan. 20, 2018, 1:28 p.m.

Example

                         X LTD  
Particulars Amount
Professional Charges 20000
Service Tax @ 14% 2800
Swachh Bharat Cess @ 0.5% 100
Krishi Kalyan Cess @ 0.5% 100
Total 23000

-a-

Entry

Professional Expense Dr 20200 
Input Service Tax (Cenvat on Input Services) Dr 2800
                           To X 23000 
(No Input of both KKC and Swachh Bharat Cess for Excise Manufacturers)

 

 

 

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