Tds clarifaication
This query is : Resolved
vinod verma
(Querist)
22 February 2010
What is the procedure to use tds deduction on any service tax payable amount. What's is the adjustemnt entry at the rtime of payment of service tax? is the TDS amount will be adjusted in Sevice tax input amount.
CA Ashok Kumar Sahu
(Expert)
22 February 2010
Journal practice is Deduct tds on Total Amt. ie including Service tax. no adjustment entry required for service tax payment, Debited to Sevice tax payable a/c. TDS amt. is not adjustable for service tax input.
CMA Ramesh Krishnan
(Expert)
22 February 2010
No adjustment of TDS on service tax (input ) required
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