Professional chgs. bfr gst with tds & bill recd with gst

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2018 Dear Sir,
Pls advice what should be the entry if we made provision & paid TDS of 16-17 Rs.7000/- on basic prof. charges of Rs.70000/-, bill of which we get with addition of ST 15% i.e 70000+15% ST 10500 = 80500/- bill amt.
Out of which we paid Rs.7000/- TDS in Apr'2017.

Now we red bill of this chgs. in Nov'17 with GST like 70000 + 12600/- @18% GST = 82600/-. We had already paid TDS on the same RS.7000/- in Apr'17.
What should be the correct entry to show professional charges?
What will be the entries to show GST & Claim it?
Should we take entry of this GST Invoice?
Pls guide urgently

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

07 May 2018 As per your question you mentioned you have done provisions only in this current year April 2017 and deducted TDS, ignore April entry of current year account directly invoice claim GST, TDS since you have already deducted and paid, no need to deduct once again as TDS already debited to Professional.

If you have made provisions in March 2017, you can book bill by debating provision to the extent of Professional fees which already created in last financial year to the extent of GST payment increase liability of Professional or only book difference of GST as per bill to the professional since Exps 70000/- already booked in last year as provision.

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