Rcm on man power supply
This query is : Resolved
19 August 2015
Hi the man power supply agency has given a bill for 21000/-, and the tds is being deducted at 2% & paid to them.
my question is what about rcm? how exactly we have to pass entry for the bill?
19 August 2015
You have to pay service tax under RCM at 14% on 21000 if you are a company.
Man power supply expenses Dr 21000+ 14% service tax
To TDS Cr 420
To service tax payable under RCM Cr 2940
To bank Cr 20580
Man power supply expenses Dr 21000+ 14% service tax
To TDS Cr 420
To service tax payable under RCM Cr 2940
To bank Cr 20580
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Suggestions required for income tax filing-software (FY 2025-26)
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Loan by Partnership Firm
- Taxation on LTCG for property sold after 24JUL2024
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
