10. What is the double entry for service tax invoice and CN issued using SV tax code?

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Answer:

1. Invoice issue

GL Acc Desciption Tax DR CR
300-A0001 Customer ABC 1060.00
500-000 Sales SV 1000.00
SST-203 SST - Deferred Tax SV 60.00

2. Partial Payment

GL Acc Desciption Tax DR CR
330-000 BANK 530.00
300-A0001 Customer ABC 530.00