Respected Sir
Im Supratim Ghosh from kolkata. I want to know the journal entry of following problem
Q) There is a service bill of Rs50000 & service tax added 10.33%. we have to deduct TDS @ 2% assume that service tax input credit available to ur co. What is the journal entry?
Sundry Debtors A/c Dr. 54062
TDS Deducted A/c Dr. 1103
To Service Income A/c 50000
To Service Tax collected A/c 5165
(Being invoice booked, TDS deducted @ 2% on invoice amount)
Regards,
Devendra Kulkarni
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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