22 March 2018
yes. both can be applicable on the same transaction if the payment is covered under TDS provisions like contractual payments, professional fees, rent etc
22 March 2018
If the landlord is registered under GST. You are paying rental Rs 1lakh (ex)...
Dr. Rent Paid - Rs. 1lakh
Dr. CGST and SGST c Is. 18k
Cr. Landlord A/c - Rs. 118,000
TDS @ 10% on Rental Value Rs. 10000...
Payment :
To Landlord a/c - Rs 108000
By bank Account - Rs. 108000
Journal For TDS :
Dr. Landlord A/c - Rs. 10000
Cr. TDS on rent - Rs. 10000
Payment for TDS :
To, TDS on Rent - Rs. 10k
By Bank - Rs. 10k....
23 March 2018
First of Sorry for my previous reply. I only see the reply now. Bcoz, In mobile App it's not posted as correctly. All are in One paragraph...
CAclubindia
