Provision for audit fees

TDS has not been deducted and it would be deducted in 2016-17 as the provision was made late and TDS payment due date had already passed.

Hi,

30% on audit fees provision will be disallowed in FY 2015-16. In FY 2016-17 you have received a invoice towards professional charges for Rs. 12 lacs which means in FY 2015 -16 you have made short provision.

Find  below the accounting entry in FY 2016-17.

Audit fees ( P&L)  Dr                       2,00,000/-

Provision for audit fees (B/s) Dr    10,00,000/-

TDS payable ( B/s)   Cr                                             1,20,000/-

Audit fee payable (B/s) Cr                                      10,80,000/-

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If you need any further clarification please let me know.

Thanks.

CA.A. SHUNMUGARAJ. FCA

9865018852.

Last year audit fee ki provisional entry dali or bill abhi June m raise Kiya kya entry kru

Or meko es month input bhi Lena h jo bill raise Kiya h uska

Can anyone here solve my issue. 

https://www.caclubindia.com/forum/gst-refund-under-no-change-in-pos-583383.asp