SST-Account for Pending Service Tax over 12 months: Difference between revisions
From eStream Software
(Created page with "==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 in...") |
No edit summary |
||
| Line 3: | Line 3: | ||
<br /> | <br /> | ||
==Journal Entry Adjustment== | |||
===Pending service tax to be paid=== | |||
:1. Create the following GL Account. | :1. Create the following GL Account. | ||
::{| class="wikitable" | ::{| class="wikitable" | ||
Revision as of 04:05, 24 July 2019
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