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If the Rent paid amount including TDS Amount and Service
tax. and the company effecting for input tax what will be
the entry we need to pass in books...pls help me out.
9964339964 / dgowda99@gmail.com

Answer Posted / md mudassir

Rent A/c Dr 100.00
Service Tax Credit A/c Dr 12.36
To TDS U/s 194I (@10%) 11.24
To Party A/c (112.36-11.24) 101.12
(Being Rent due)

Party A/c Dr 101.12
To Bank 101.12
(Being Rent and Service tax paid)

Is This Answer Correct ?    12 Yes 9 No



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