Answer / sankar

Ex: Freight inwards Rs 10000 We will calculate service tax
10% on 2500 because 75% is abetment and 3% cess calculate
on service tax
Service tax - 250
Ed.cess - 5
Sh.Ed cess - 3
Total bill value is 10258

Entry is

Freight inwards a/c Dr 10000
Service tax a/c Dr 250
Ed.cess a/c Dr 5
Sh.Ed cess a/c Dr 3
to Party a/c 10258

Answer / rajesh

Freight inwards a/c Dr 10000
Service tax a/c Dr 250
Ed.cess a/c Dr 5
Sh.Ed cess a/c Dr 3
to Party a/c 10052.84
to tds 2% a/c 205.16

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