Accounting treatment for making payment to the freelancer
Querist : Anonymous
A "X" Pvt Ltd company depositing fund to a website " www.contentmart.com" for making payment to a freelancer, who is writing article for the X ltd. co. Contentmart will charge commission to the X ltd Co. for using the website to get the freelancers and making payment them through it's websites.
So, what will be the accounting entry in the books of X ltd and whether the Gst, Tds apply here , if yes then how ????
Please give response as early as possible .
Thanks
Querist : Anonymous
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