Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(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 ?
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 ?
10 May 2014
Firstly, you are deducting wrong TDS. It should be 2% of Rs.18000 only if Service tax is separately showm in the Invoice.
Entry for Booking exp & TDS will be:
Expense Dr. 18000
Service tax Input Dr 2225
To Vendor 19820
To TDS 405
Payment entry
Vendor Dr 19820
to Bank 19820
https://www.cavibhorjain.com/
Entry for Booking exp & TDS will be:
Expense Dr. 18000
Service tax Input Dr 2225
To Vendor 19820
To TDS 405
Payment entry
Vendor Dr 19820
to Bank 19820
https://www.cavibhorjain.com/
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