Tds
This query is : Resolved
Neema Rawat
(Querist)
22 March 2018
Is TDS and GST applicable together? If a person receive rent and pay TDS will he be liable to pay GST also???
Nikhil Kaushik
(Expert)
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
Neema Rawat
(Querist)
22 March 2018
So can you please tell me how the entry in tally
Neema Rawat
(Querist)
22 March 2018
How i can pass the entry in tally ????
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....
Neema Rawat
(Querist)
23 March 2018
Dear Experts
Can you please tell me how the entry of rent receipt with GST in tally???
Can you please tell me how the entry of rent receipt with GST in tally???
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...
Neema Rawat
(Querist)
08 July 2018
Sir,
if we make a ledger of of car insurance so in which head it will come???
if we make a ledger of of car insurance so in which head it will come???
08 July 2018
If it's renewal of car insurance then You can account in PandL account under "Vehicle Maintenance" under indirect expenses...
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