A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds
@10% what enters be made in the books of CA and party.
Answer Posted / soumya prakash ganguly
Party A/c
P.Charges A/C.....Dr. 87640/-
Service Tax Receivable A/C.....Dr. 12360/-
To CA A/C...........Cr. 90000/-
To TDS payable A/C...Cr. 10000/-
CA A/C............Dr. 90000/-
To Bank/Cash A/C....Cr. 90000/-
CA A/C
Party A/C......Dr. 100000/-
To P. Charges A/C...Cr. 87640/-
To Service Tax Payable A/C..Cr. 12360/-
Bank/Cash A/C..Dr. 90000/-
TDS Receivable A/C...Dr. 10000/-
To Party A/C.....Cr. 100000/-
[Note : Now TDS charges on base value of invoice]
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
what is the circle of tds and its rate chart
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
who will able to deduct the tds
is WCT applicable one time? and what will be rate of WCT in UP State?
How should the personal assets of a salaried employee be shown in his books of accounts ?
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
How to reconcilation of modvat
what the procedure of filing mvat pls. explain in briefly ?
Who are non resident?
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom
From Karnataka,while sending material out, which are all the states required Form 38?
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
how we issue the road permit to seller for receiving the rearing material
what is the difference between vat return and return for remittance on value added tax.