If the Rent paid amount including TDS Amount and Service
tax. and the company effecting for input tax what will be
the entry we need to pass in books...pls help me out.
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Answer Posted / md mudassir
Rent A/c Dr 100.00
Service Tax Credit A/c Dr 12.36
To TDS U/s 194I (@10%) 11.24
To Party A/c (112.36-11.24) 101.12
(Being Rent due)
Party A/c Dr 101.12
To Bank 101.12
(Being Rent and Service tax paid)
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