Service tax

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suresh (Querist)
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07 December 2014 Sir,
A firm had issued an invoice against the service we purchased on hire by the end of the month. That service includes Service Tax and while making the payment TDS we deduct and pay the remaining balance.

Now my question is i raised the same invoice in tally under Purchases Account. In the same invoice can i show the TDS also to arrive at the exact value of payment to be made using F5. I tried to do that but TDS was not properly been auto calulated. can any one of you advise me?.

In the above issue is it right to raise the inovice under purchases or can we raise a voucher by F7 (journal).

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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08 December 2014 You should use the Journal voucher to record the expense.

That will enable you to avail CENVAT credit of service tax & also compute TDS automatically.

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