Accounting of service tax on receipt basis
Querist : Anonymous
FOR EG.
ARCHITECT PROVIDES A SERVICE TO THE CLIENT SAY FOR Rs. 10,000/- & SERVICE TAX @ 12.36%.
CLIENT PAY FEES Rs. 4950/- AFTER DEDUCTING TDS @ 10%. SO HOW MUCH SERVICE TAX IS PAYABLE TO ARCHITECT FIRM & WHAT ARE THE ENTRIES OF THIS TRANSACTION IN TALLY IN THE BOOKS OF ARCHITECT FIRM.
PLEASE REPLY ITS URGENT...
Querist : Anonymous
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