PURCHASE LABOUR CHARGE FROM R.K.DAS RS.6950AND TDSAPPLICABLE -
Answer Posted / nitin sharma
R.k Dass is an Unorganized body so service tax reverse
charge macknisem will be applicable 25% liability of
provider and75% liability of receiver (of service tax)
and entry will be
srevice
Cr R.K Das
Cr service tax payble 75% 626
Cr service tax payble e cessh 75% 13
Cr service tax payble h e cessh 75% 6
Dr service tax recerable 100% 834
Dr service tax recerable 100% 17
Dr service tax recerable e cessh 100% 8
Dr labour charges
according to the new service tax act (all fig. in round
off )
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Short answer on Amalgamation
Short Answer on ___________fluctuating capital
Expand CASA
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
plz send me the apptitude question papers of wipro
What is the meaning of Debt reconciliation and how to do debt reconciliation?
in a every intervew asking one common question why you are living current employer, which is the best answer
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
Define Salry for the following purpose 1.To calculate HRA
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico
Expand SOIT
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.