Loan processing charges for home loan will be dr. to which a/c. & what entry will be passed.?
If Cntractor had issued Labour bill with Service Tax & VAT then & We are having Service tax no of our firm & VAT also then we should pass simple entry
Purchase A/c.-Dr.
To Labour charges
or we should show Service Tax & VAT also if come what entry will be passed?
CAclubindia
