Entry for security charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2015
Dear sir
I want to know the journal entry for book security charges bill.
if security charges is rs 22500 exclusive of service tax.
I want to know the journal entry for book security charges bill.
if security charges is rs 22500 exclusive of service tax.
02 June 2015
the journal entry is as follows:
If the service is input service
Security charges Dr. 22500
Service tax receivable Dr. 3150
(22500*14%)
Service Tax payable Cr.3150
TDS payable Cr.450
( suppose company TDS@ 2%)
Party Cr.22050
if the service is not input service then debit the service tax to security charge a/c
If the service is input service
Security charges Dr. 22500
Service tax receivable Dr. 3150
(22500*14%)
Service Tax payable Cr.3150
TDS payable Cr.450
( suppose company TDS@ 2%)
Party Cr.22050
if the service is not input service then debit the service tax to security charge a/c
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