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Accounting Entries

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2011 Currently we entered an agreement as a Contractor:
1. All taxex includes in the contract value.

2. All the taxes will be paid by contractor.

3. Work includes material cost.

My Question:
1. How to raise Invoice.
2. How to make entries in the books of any type of taxex etc. which is applicable to us.
3. How to deposit applicable taxex.

Please advise me.

Thanks
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CA Paresh Bhagwat

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CA Paresh Bhagwat (Expert)
17 March 2011 Raise two saperate invoices for Material and another for service rendered.....
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G.Ramesh

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G.Ramesh (Expert)
17 March 2011 Yes...Raise two invoices as said expert above
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