Invoice

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This query is : Resolved

Gadhi (Querist)

23 November 2012 Hi,
I have received an Invoice from the Security services provider, now what is the journal entry i have to pass in my Tally.

regards,
Linga

Amol S Joglekar

Amol S Joglekar (Expert)

23 November 2012 Debit.... Security service charges
Credit.... that security agency's account.

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Gadhi

Gadhi (Querist)

26 November 2012 thanks Amol,

I need one more clarification- if they charged Service Tax on that what is the entry and what about TDS, let say

1)Invoice.
Security Service Charges-10000
Service Tax(12.36) 1236

2)TDS(2%)Treatment-Rs.225.
when i have to consider- while passing the entry or while making the payment.

And what the entries for all the above.

Thanks
linga

Amol S Joglekar

Amol S Joglekar (Expert)

26 November 2012 On receiving invoice.
01. If input credit not to be availed.
Debit Security Service Charges 11236
Credit Security Agency 11236
02. If input crdit is to be availed
Debit Security Service Charges 10000
Debit Service Tax paid 1236
Credit Security Agency 11236

At the instance of payment
Debit Security Agancy 11236
Credit Bank 11011
Credit TDS u/s 194C 225

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