Interested to Buy Any Domain ? << Click Here >> for more details...
There is a Service Bill of Rs.50,000 & Service Tax added
10.30% & We have to deduct TDS @ 2%. Assume that Service
Tax Input Credit available to Ur Co. What is the Journal
Entry for this?
- 23 Answers
- 65019 Views
- A Cube Solutions, HCL, Motorola, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nitin lunawat
1) at the time of booking Expense
Expense Ac Dr 50000
Service tax Receivable Account Dr 5150
To Party Account Cr 55150.
At the Time of Payment.
Party Ac Dr 55150
To Bank 55150
At the End of Month when Service tax Paid
Service tax Payable Dr 5150
To Service tax Receivable 5150.
| Is This Answer Correct ? | 7 Yes | 8 No |
Answer / ranjit yadav
Entry
Expense a/c Dr 50000
Service Tax Input a/c Dr 5150
To Service Tax Payable a/c 5150
To Tds a/c 1103
To Party a/c 48897
| Is This Answer Correct ? | 0 Yes | 1 No |
if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount
I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
What is means by sales tax (vat also)? How to calculate Sales tax (vat also)? Sales tax form no. (vat also) ?
what is the difference between vat 100 and vat 120?
What is difference between Gross salay and CTC?
types of tax
IF WE PAY AUDITOR FEE FOR INCORPORATION WORK THEN UNDER WHAT GROUP IT COMES IN TALLY. 2. any other audit fee we paid suppose at the time of financal report preparing then it will comes at the same group or any other
What is TDS rate of Salary head?
if bank deduct the tds, it should show in p&l or balance sheet?
Ir we have bill for CST 2% we made entry 12.5% by mistake then what is solutin for C-form
what are accounting principles
Audit 
