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?
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Answer Posted / nagachandra pattar
Expenses A/c Dr 50000
Service Tax A/c Dr 5150
To Party A/c 55150
Party A/c Dr 1103
To TDS Payble A/c 1103
(Being Tds @2% deducted including Service Tax)
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