Expenses
This query is : Resolved
KAMALAKANTA SAHU
(Querist)
08 January 2015
In previous year the company booked expenses 3 lacs (against party Xyz co. bill, but current year we return that bill after 6 months
at the time of expenses booked entry is=
Expenses A/c Dr.
Service tax Input A/c Dr.
To Party Xyz A/c Cr.
To TDS Payable A/c Cr.
Plz clearfy details with current year entry
at the time of expenses booked entry is=
Expenses A/c Dr.
Service tax Input A/c Dr.
To Party Xyz A/c Cr.
To TDS Payable A/c Cr.
Plz clearfy details with current year entry
Vishnu Saboo
(Expert)
08 January 2015
in my opinion, reverse the entry.
KAMALAKANTA SAHU
(Querist)
09 January 2015
we already take input service tax & deposited TDS same
Vishnu Saboo
(Expert)
14 February 2015
you have to reverse tax credit taken, and see if TDS diposited can adjust with upcoming or current transactions
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