Bill amt 1,00,000+ charge 18 % Gst, vendor raised an invoice for contract service, and I have to make payment for this.
1).Contract Service A/c - Dr 1,00,000
IGST @ 18 % -dr 18,000
To service provider(Sundry CR) 1,18,000
2) Sundry CR. A/C - Dr 1,18,000
To TDS @ 2 % U/S 194C 2,000
To Bank A/c 1,16,000
is this wrong entry?
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