Service tax
This query is : Resolved
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).
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).
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.
That will enable you to avail CENVAT credit of service tax & also compute TDS automatically.
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
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- ITR 4 and Bank transactions
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- 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
