Introduction
- Service Tax required to be accounted if on the day following period of 12 month when any whole or part of the payment is not received from the date of the invoice for the taxable service provided.
Journal Entry Adjustment
Pending service tax to be paid
- 1. Create the following GL Account.
GL Acc Description Account Type SST-PRE SST - PENDING SERVICE TAX PREPAID Current Assets
- 2.
2) Deemed Supply (Own Used/Disposed)
No Tax Code Description Tax Rate SST-02 column 01 SUV Service Own Use 6% 6% B1_9
B2_11C