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gst on audit fee provision

1535 views 5 replies
I provided audit fee and also deposited tds amount. but we make the payment to auditor on September. and he is issue get invoice after receiving his fees. when I am claiming get on audit fees because I already provision provided how can I booked once again in Sep.
Replies (5)
While passing payment entry you have to nullify your audit fee provision Once you made that all entries automatically matched
agree with tarun
give an example with year ending entries as well as nullifying entries in succeeding year

Audit fee Dr

To provision for audit fee

As on 31/03/2018

Provision for audit fee dr.

To bank

As on making the payment to concern CA and nullified your provision

You can also make one new entry

Provision for audit fee dr.

To CA firm name

And while making payment

CA firm name Dr

To bank


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