27 September 2016
No the entry is not correct. The entry should be:-
Adv. 100500 ST 14000 KKC 500 To TDS 2000 To Party 113000.
Explanation:- U can claim Cenvat of Service Tax and Krishi Kalyan Cess, hence both should be debited(or transferred to ST/KKC Input tax credit). Swcch Bharat Cess Cenvat is not available to claim as ITC by the assessee so I added it to value of advertisement, U can also transfer to SWC ITC account if u want, but remember we cant' claim credit of it. TDS is ur liability to pay, so it should be credited, instead of debit.