Service tax enrty

please tell the accounting entry in Tally

Consultancy service- Rs. 10000

Service tax raised- 1030

TDS dedcutible- Rs. 1103

What will be accounting entry in Tally.

regards,

pardeep kaushik

Replies (1)

Following entries are to be passed

Consultancy Exps A/c                              Dr.          10000

Input Service Tax A/c                                Dr               1030

            To Sundry Creditor A/c                                                 11030

(Being Bill Recorded)

 

Sundry Creditor A/c                                Dr.            1103

          To TDS Payable A/c                                                    1103

(Being TDS Payable on Consultancy services)

 

 

Regards,

Devendra Kulkarni

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