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Journal entries

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2014 ours is a pvt ltd co. we made an advance payment to a pvt ltd co towards AMC of rs 35000/- agnst work order & balance pmt to be made after the tenure expires.we deducted TDS @2% on the adv amount & paid Rs. 34300/-.Now the party has given us a bill agnst this payment which incl ser.tax & gross bill amt is Rs.39326/-.my query is what will be the Journal entries for this entire event. plz help its urgent
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Vishnu Saboo

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Vishnu Saboo (Expert)
28 June 2014 give credit of full amount to party
Expenses Dr
Ser tax Dr
Edu Cess Dr
S & H cess Dr
To party

then deduct TDS on balance amount
party Dr
To TDS Payable
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Rupesh Jain

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Rupesh Jain (Expert)
28 June 2014 expenses a/c
service tax receivable a/c
to party
to Tds payable

another entry

party a/c

to bank a/c


tds a/c

to bank
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 agreed with arun....................................
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