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mahaesh (Bangalore )     14 September 2018

accounting entry for TDS under GST

accounting entry for TDS under GST and Income tax TDS

scenario : Chartered Accountant rendered professional services of Rs. 500000 and POS is intra state


 8 Replies

Basava Raj

Basava Raj   14 September 2018

professional services expenses account DR 500000
input cgst account Dr xxxx
input sgst account Dr xxxx
To party account 500000+cgst+sgst
To Tds on professional charges account 500000*10%
1 Like
mahaesh

mahaesh (Bangalore )     14 September 2018

sir where is tds under gst
Rohit Tibrewal

Rohit Tibrewal (Student & Senior Accountant)     16 September 2018

TDS is not deductible over GST amount.

So, Transaction /Taxable value will be taken to deduct TDS.
dilip kumar duggar

dilip kumar duggar (article assistant)     26 January 2019

in this entry debit side total and credit side total does not match....
Basava Raj

Basava Raj   26 January 2019

Mr. mahesh u can whatsApp me @ 8074442486 I can explain u in detail
Ramachandran S

Ramachandran S (Chartered Accountant)     27 January 2019

Credit to party a/c is 5,00,000+CGST+SGST-TDS 

Basava Raj

Basava Raj   27 January 2019

the entry will be as follows
professional fees account Dr 500000
input cgst account Dr 45000
input sgst account Dr 45000
To party account 570000
To Tds on profession(194J) 10000
To Cgst TDS @ 1% 5000
To sgst TDS @ 1% 5000
here the gst rate is assumed as 9%cgst and 9%sgst.
shravankumar

shravankumar (article)     19 May 2021

Dear Sir,

please tell me tds on gst journal entry & total number of journal entry for this


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