Journal entry for tds provision

Entries can be down in many ways!

Say for TDS is to be made on Interest exps

1. When passing entry for due

(Create a liability for while booking exps or payment)

Interest A/c Dr 10,000/-

To TDS on Int. 1,000/-

To Bank A/c or Receivers A/c 9,000/-

2. When TDS is deposited

(Balance will be nil then)

TDS A/c Dr 1,000/-

To bank A/c

IF there is a Vendor Account exists...

Exp A/c..........Dr

      To TDS A/c..........Cr

      To Vendor A/c.......Cr

IF there is NO VENDOR Account

Exp A/c..........Dr

      To TDS A/c..........Cr

      To Expense Payable A/c.......Cr

Another Way to right down the entry is  :

I)

Exp .A/c Dr   10000

  to Vendor A/c    10000

II)

Vendor A/c      1000

  To TDS Account  1000            

III)

Vendor Account A/c 9000

TDS A/C (at the time pay to Govt.) 1000

                             to Bank Account 100000

What is the entry for the expense payable while giving effect to TDS and GST?

Expenses A/c Dr
GST A/c         Dr

To TDS Amount (On Amount of Expenses without GST)

To Vendor A/c (Bal Fig)

Booking provision 31st march 

Cr. Provision for Expenses         5701

Cr. TDS on Contract (GL)             114

Dr. Labour Supply (Respective Expenses GL)   5701

Dr. ABC & Co. (Supplier Name)                           114

Invoice Booking April (supplier invoice booking

Dr. Provision for Expenses   5701

Dr. IGST @ 18 %                 1026

Cr. ABC & Co. (Supplier Name)                      6727

Payment made to supplier

Dr. ABC & Co. (Supplier Name)    6613 (Cr. 6727 - Dr. 114)

Cr. Bank (GL)                                              6613