Tds

403 views 2 replies

Hi,

We are registered dealer in electronic goods and we won't claim service tax.

I want to deduct TDS exclusive of Service tax who provide bills shown as seperate service tax but i dont know how to make an entry in tally.

So please clarify my doubts on above issues.

Warm Regards,

Manjunath.

Replies (2)

your entry shall be as follows:-

Expense a/c dr...............114

TO    tds @ rate applicable(assumed 2%).............2

TO    Party A/c.................................................112

Expenses a/c Dr(with full invoice amount)

       To TDS payable ( with the amount of tds @ rate  applicable)

       To Party/cash/bank a/c ( with the amount payable /paid)

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