Journal entry

Ram Held a service from A Ltd, A ltd raised a invoice to ram Amt is 50000+14.5% service tax, ram receive invoice and deducted 10% tds . journalise entry in the books of Ram also consider that Ram also eligible for tax credit for service tax paid.
Replies (2)
Expense A/c Dr. 50,000 Input Service Tax A/c Dr. 7,000 Input Swacch Bharat Cess A/c Dr. 250 A Ltd. A/c Dr. 5,000 To TDS Payable A/c 5,000 To A Ltd. A/c 57,250 (Being invoice of expense recorded) Alternatively: A Ltd.'s A/c can be net booked of Rs.52,250 without debiting it of Rs. 5000 but I prefer the above entry as expense amount (inc. service tax) matched with amount credited which will be easy for reconciliation and checking in future.

Thanks, but where is the tds tratment in this entry

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