Dear mates,
I would like to know about the accounting entries for ST payable on sitting fee paid to directors. You may also tell me about the procedures of adding this to the return filed with the departments.
Thanks and Regards,
Prasoon Baby.
Dear mates,
I would like to know about the accounting entries for ST payable on sitting fee paid to directors. You may also tell me about the procedures of adding this to the return filed with the departments.
Thanks and Regards,
Prasoon Baby.
If you are paying director fee under professional charges (194j) if the director is registered service tax dealer you can pay service tax unless it is not required to pay service tax.
DIRECTOR FEE A/C DR
SERVICE TAX INPUT A/C DR
TO BANK A/C
generally it can be included under the head of slaries.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
