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)
Written on Jan. 20, 2018, 1:28 p.m.