GST Practitioner & Accounts
14949 Points
Joined March 2014
Correct Entry will be
1) Professional Fees A/c Dr 100000
To C.A A/c Cr 90000
To TDS Payable A/c Cr 10000
(Being professional fees payable after deducting TDS @ 10% )
When you pay professional fees entry will be
2) C.A A/c Dr 90000
To Bank A/c Cr 90000
( Payment through Ch. no ---- dt )
3) TDS payment to GOVT account
TDS payable A/c Dr 10000
To Bank A/c Cr 10000
(payment made to Govt account challan no dt )