Jouranl entries and how to cal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2012
Hi,
This is Ram, I have been facing some issues regarding service tax.
1 Supply of Manpower for any purpose 25% 75%
2 Service portion in execution of works contract 50% 50%
In above scenarion which journal entries will be generated and which base calculate the service tax and TDS.
Kindly provide the suggestions.
This is Ram, I have been facing some issues regarding service tax.
1 Supply of Manpower for any purpose 25% 75%
2 Service portion in execution of works contract 50% 50%
In above scenarion which journal entries will be generated and which base calculate the service tax and TDS.
Kindly provide the suggestions.
CA bhargava
(Expert)
07 December 2012
please provide a transaction and details...
08 December 2012
Eg. Basic service charges Rs. 1,00,000
Manpower Supply:
Manpower Expenses A/c Dr 1,00,000
CENVAT Receivable (Input Service) Dr. 3,090
To Party 1,02,059
To TDS Payable 1,031
CENVAT Receivable (Input Service) Dr. 9,270
To Service Tax Payable 9,270
Similar entries will be passed for works contract.
Manpower Supply:
Manpower Expenses A/c Dr 1,00,000
CENVAT Receivable (Input Service) Dr. 3,090
To Party 1,02,059
To TDS Payable 1,031
CENVAT Receivable (Input Service) Dr. 9,270
To Service Tax Payable 9,270
Similar entries will be passed for works contract.
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