Submitted Questions

  • Journal & payment for entries service tax credit

    If we availing service tax credit , what is the journal entry we have to pass when we receives the bill & what is the payment entry we have to pass if we make a payment

    dhatchayani

    • Aug 1st, 2017

    I have booked cenvat credit and failed to obtain refund bcoz of time lapse. Now the amount is showing in Current Assets, now need to write off the amount, as no chance of getting refund of service tax input booked
    Pls give me the journal entry so that I can write off the amount in books

    Krishna Maheshwari

    • Dec 17th, 2016

    Suppose what can we do if I forgot to pass journal entry of service tax payment bill for the 1st half yr Apr to sept and now books of accounts are closed. Now what rectification we can make as books of accounts are already closed and service tax return for first first half period is also filed. .