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Former Member
Jun 02, 2011 at 05:11 AM

IMport of service -service tax issue

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Hi all,

we have a situation for import of service foreign vendor.....where service tax accounting entry should be like this at the time of MIRO....

vendor a/c cr-100

expense a/c dr-100

service tax rec dr-10%-50

service tax rec dr-2%-5

service tax rec dr-1%-1

service tax pay cr-10%-50

service tax pay cr-10%-5

service tax pay cr-10%-1

Tax procedure used is TAXINN.......