banner_ad

Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 May 2014 security service charges - 18000
service tax - 2225
Total amount - 20225 bill issued

What will be the journal entry ?

and i paid the 19820 by deducting 2% tds (405)

What will be the payment entry ?
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Expert)
10 May 2014 you wrongly deduct TDS it should be deducted on Rs.18000 only @ 2% i.e.360.
Entry
Security service charges Dr...........20225
To TDS................................360
To Vendor.............................19865

Vendor Dr...............................360
To Cash/Bank.............................360
Profile Image

Ganeshbabu K

Profile Image

Ganeshbabu K (Expert)
10 May 2014 No tds applicable on servicetax if shown seperately
.
CBDT Circular 1/2004
.
However as u deducted 2%already deposit the same to dept and show in tds return
.1)journal entry
.
Dr.security chargesa/c 18000
Dr.servicetax a/c 2225
Cr.tds payable 194C 405
Cr.serviceprovider 19820
.
2)payment entry
.
Dr.serviceprovider a/c 19820
Cr.bank a/c 19820
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details