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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 / 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
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