Reverse charge method if eligible how to pass entries in books of accounts

[Asked by Guest]

we are service based company & service received Companay  , we are eligible for revese charge method, below i given some exmples for accouting kinldy check and let me know is it correct or  not

At the time of purchase.........Purchase a/c Dr Rs.100/-

                                               Service tax12.36% input a/c Dr Rs.12.36/-

                                                           To Vendor a/c 112.36/-

 Reverse Charge Method  for ex 50%

 Vendor a/c Rs.6.18/-

          To Service Tax Reverse Charge Input a/c Rs.6.18/-

 At the time of taken input

    Service Tax Reverse Charge Input a/c Rs.6.18/-

                       To Service Tax 12.36% Input a/c Rs.6.18/-

AI Summary

Reverse charge accounting: record tax liability and claim cenvat credit where input services are eligible.
Recipients under the reverse charge must record purchases with tax separated, transfer any shared reverse charge tax to a reverse charge input account, and reclassify that amount to the general input tax account when availing cenvat credit, subject to eligibility of the service as an input service under the Cenvat Credit Rules and notification conditions governing which services attract reverse charge.