Entry
This query is : Resolved
19 September 2016
Dear sir
i working in llp firm,
here working is internet solution so i need help about the entry when i purchase the service but there is no product so what is the entry on tally
for example: purchase from A party 425 + st 59.50 + sbc 2.13 + kkc 2.13
i working in llp firm,
here working is internet solution so i need help about the entry when i purchase the service but there is no product so what is the entry on tally
for example: purchase from A party 425 + st 59.50 + sbc 2.13 + kkc 2.13
Sandeep Dharar
(Expert)
19 September 2016
book it under expenses and take the Cenvat of expenses like ST and KKC The journal should be:-
Service Name(say Professional & consultant) Dr 427.13
ST Cenvat Dr 59.50
KKC Dr 2.13
To creditors 488.76
Here SWC is added with the service amount, coz we can't claim credit of SBC. Remember to deduct TDS (if applicable) at the time of payment to the creditor.
Service Name(say Professional & consultant) Dr 427.13
ST Cenvat Dr 59.50
KKC Dr 2.13
To creditors 488.76
Here SWC is added with the service amount, coz we can't claim credit of SBC. Remember to deduct TDS (if applicable) at the time of payment to the creditor.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
