TaxTMI 
TaxTMI 
Reverse charge method if eligible how to pass entries in books of accounts
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....everse charge method if eligible how to pass entries in books of accounts<br> Query (Issue) Started By: - KOTESWAR PS Dated:- 23-7-2012 Last Reply Date:- 2-8-2012 Service Tax<br>Got 1 Reply<br>Service....
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.... Tax<br>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 ....
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.... 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 Ta....
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....x 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/- Reply By vasudevan unnikrishnan: The Rep....
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....ly: The Reverse charge and the rates to be shared for the 12 services has been enlisted in the notification no 30/2012. Pl. note that there are conditions also that for some sevices,if provided to 'b....
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....ody corporates' by non corporate agencies only are to be shared . However,the cenvat credit can be availed if the availed services are eligible as 'input services'.as per Cenvat Credit Rule, 2004, u....
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....nnikrishnan v.<br> Discussion Forum - Knowledge Sharing ....