Invoice,service tax and tds

This query is : Resolved

Gadhi (Querist)
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26 November 2012 Hi,
I need 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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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26 November 2012 (A) Assuming you are NOT eligible for CENVAT credit

1. On receipt of invoice
Security Expenses A/c Dr. 11,236
To Service Provider 11,011
To TDS Payable 225

2. On payment of TDS
TDS Payable A/c Dr
To Bank

(B) If you are eligible for CENVAT credit
Security Expenses A/c Dr 10,000
CENVAT Credit Receivable(Input)A/c Dr 1,236
To Service Provider 11,011
To TDS Payable 225