tds on commission

how will entry tds on commission.
Replies (1)

1) If you paying commission you will deduct TDS ,  entry will be 

 

Commission     A/c                           Dr 

Input  CGST    A/c                           Dr 

Input  SGST    A/c                           Dr 

To    Sundry Creditors                     Cr 

 To TDS  Payable                            Cr 

(Booking of commission entry  ) 

 

2) In case you receive commission party  will  deduct  TDS  , entry will be 

Bank A/c                                      Dr 

TDS  on  commission                  Dr 

To   Commission received           Cr 

( Being  Commission  received  after  TDS deduction )

TDS on commission A/c will be under Loans & Advance  under Asset side  in second case. 

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