One bill of fy 2014-15
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2016
One bill of financial Year 2014-15 ( For January 2015) yet not booked but i want to book this expenses . what will be its implication
security service charge 50000.00
Service tax 6180.00
Total 56180
Now how to make entry , whether i have to service tax input can be booked as expenses because more than one year cenvat credit will be not allowed , please reply this question & what will be tax effect on service tax and income tax.
security service charge 50000.00
Service tax 6180.00
Total 56180
Now how to make entry , whether i have to service tax input can be booked as expenses because more than one year cenvat credit will be not allowed , please reply this question & what will be tax effect on service tax and income tax.
22 March 2016
Service tax implication :
No Credit will be available
income tax implication :
Due to not booking of invoice, TDS liability with interest under section 201 will arise.
So entry for both the above will be
Security service charges ac dr (Bill + Service tax amount)
Interest on TDS ac dr ( Interest on TDS amount)
To Party ac (Balance figure)
To TDS payable (TDS with interest)
Regards
Pradeep Kumar
No Credit will be available
income tax implication :
Due to not booking of invoice, TDS liability with interest under section 201 will arise.
So entry for both the above will be
Security service charges ac dr (Bill + Service tax amount)
Interest on TDS ac dr ( Interest on TDS amount)
To Party ac (Balance figure)
To TDS payable (TDS with interest)
Regards
Pradeep Kumar
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- TDS AND ITR ISSUE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- EXPORT COMMERCIAL INVOICE HSN CODE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
