Service tax

This query is : Resolved

suresh (Querist)
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07 December 2014 will it be possible to raise the tds entry also in purchase voucher along with service tax. if so pls let me know the procedure such that the payment should take the effect exactly the amount to be paid to the party.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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08 December 2014 For eg:

Service amount Rs. 1 lakh
Service Tax @ 12.36% Rs. 12,360

Entry:

Expense A/c Dr 1 lakh
Input Credit Service Tax A/c Dr 12000
Input Credit EC Service Tax A/c Dr 240
Input Credit SHEC Service Tax A/c Dr 120
To TDS Payable 10000
To Creditor 102360

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