ACCOUNTING ENTRIES RELATED TO POT IN SERVICE TAX

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  1. P BOOPATHIRAJA

    P BOOPATHIRAJA New Member

    Sir,
    10/12/2015 I received Advance of Rs.10Lakh + Service tax as per POT.
    03/02/2016 I further received advance of Rs.5Lakh+ST as per POT.
    10/03/2016 I finally Raised Service Bill to Party for whole amount ie.25Lakh+Service Tax 14.50%.
    I can adjust the party account with regards to advances as well as taxes.
    but i need to know the accounting entries as above days.
     
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