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.
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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CAclubindia
