18 January 2017
We had paid Rs. 40250 to our CA ( including service tax ) for the m/o oct 2016 as on 20-10-2016.now I want to deduct TDS on that it comes rs. 3500.
I have passed the following entries kindly confirm if I passed the correct entries.
1) Legal & Professional fee Dr. 43750
CA Firm A/c. CR. 43750
2) CA Firm A/c. DR. 43750
To Bank CR. 40250
To TDS. CR. 3500
3) TDS A/c. Dr . 3500
To Bank. CR. 3500
We are not providing any kind of service that why
I have not debited service tax amount also tell me
do I need to debit the service tax amount or not?
18 January 2017
Whether you are taking input on service tax ? if you take input Service tax And KKC to be Grouped under Duties and taxes to claim input , if you are not claiming service tax input Group under indirect expenses Dr. Audit fees Rs.35000 Dr . Service Tax -Input 5250/- Cr Tds on Profesional Fees Rs.3500 Cr. CA firm A/c Rs.36750/-
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