SST-Account for Pending Service Tax over 12 months

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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


See also