Tds Enquiry Urgent
This query is : Resolved
31 August 2007
I have one bill of Supply,Installation and commissioning of Elevators/Escalators
bill amount is.
Material Amount 793608.44
Installa.& Commissioning Charges 140048.55
Total = 933656.99
Add Service Tax @ 12% = 16805.83
Add Edcuation @ 2% = 336.12
Add Higher Education = 168.06
Add VAT on 793608.44 @ 12.5% = 99201.06
Total Bill Amount = 1050168.06
I Enter This bill in my Account as
Dr P & M 933656.99+99201.06=1032858.05/-
Dr Service Tax 16805.83
Dr E.Cess= 336.12 & Dr H.E.Cess 168.06
Cr Supplier 1046926.06
Cr Tds (157358.56 @ 2.06%)= 3242/-
( Tds On Installation+Service Tax Amount)
I want to know that this is right entry or tds deducted on bill amount or Service Amount Pleas Clear this entry and tds amount.
bill amount is.
Material Amount 793608.44
Installa.& Commissioning Charges 140048.55
Total = 933656.99
Add Service Tax @ 12% = 16805.83
Add Edcuation @ 2% = 336.12
Add Higher Education = 168.06
Add VAT on 793608.44 @ 12.5% = 99201.06
Total Bill Amount = 1050168.06
I Enter This bill in my Account as
Dr P & M 933656.99+99201.06=1032858.05/-
Dr Service Tax 16805.83
Dr E.Cess= 336.12 & Dr H.E.Cess 168.06
Cr Supplier 1046926.06
Cr Tds (157358.56 @ 2.06%)= 3242/-
( Tds On Installation+Service Tax Amount)
I want to know that this is right entry or tds deducted on bill amount or Service Amount Pleas Clear this entry and tds amount.
31 August 2007
TDS SHOULD BE DEDUCTED AFTER INCLUDIND SERVICE TAX.PL. REFER WWW.TAXWORRY.COM
C.A.R.V.RAO
C.A.R.V.RAO
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