Repair and Maintenance Invoice Query

 Mr.Jogendra Isssued a bill for his interior work done on my rented shop of Rs. 2,00,000/- (bill includes material 140000 and 60000 labour charges) How can I pass entries in tally. Is there any tds deductable ?  Pls guide me regarding this.   
 

Replies (2)
Quick Summary
This discussion addresses how to record an invoice for interior work on a rented shop in Tally, including the breakdown of material and labour costs. It provides guidance on passing relevant entries in Tally Prime/ERP, specifically covering purchase vouchers, journal entries for expenses, and payment entries. Crucially, it also clarifies TDS applicability for interior contractors and outlines the necessary steps for TDS deduction and payment.

If work is done from Interior contractor then TDS applicable. pass entry.

You Can show in F9 purchase, as Voucher  in Tally prime / ERP 

Interior Expenses A/c Dr
CGST A/c Dr
SGST A/c Dr
To Mr Jogendra A/c Cr
To TDS payable A/c Cr
( Payable to Mr Jogendra after TDS deduction)

Payment entry - F5

Mr Jogendra. A/c Dr
To Bank A/c Dr
( Payment made)

TDS payment entry-F5

TDS payable A/c Dr
To Bank A/c Cr
( TDS payment in Govt account)

Mr Joginder A/c under  Trade Creditors  and TDS payable  A/c  under Duties & Taxes 

 

Invoice query ok let me know

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