accounting of service tax

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  1. sandesh

    sandesh New Member

    our organisation provides 2 types of services.
    1 vocational training &
    2 Establishment of computer Network in other organisation.

    As per the service tax rules, vocational training is in negative list but not the networking activities. we regularly pay and file the service tax returns.

    we had received foreign grants of rs 38953/- bank charged the the service of rs 300 and tax at 12.36% on rs Rs 300 i.e. 37.08. can we claim it as a input service tax? what would be the accounting entry?
     
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