Service Tax is not used anymore

Please check GST - https://www.teachoo.com/gst/

 

Example 5

Payment Made in Advance

The Company entered into connect with Max Ltd on 25 April for 100,000+ Service Tax 15%

20% paid in advance on that date to Max Ltd

Bill Received on 10th June from Max for Consultancy Service

Balance 80% Paid on 28 October

Pass Entries assuming no TDS

View Answer
Go Ad-free
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.