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TDS On Gst@2%
is tds deducted @ 2% if turnover exceed 250000 in addition to other tds deduction like professional?
Replies (3)
yes.....this will applicable only if govt is recipient of goods or services
what would be the Journal Entry? if Total supply value of services 300000, gst 18% under this condition?
Bill Raise to Govt Conern :
Dr Party (Govt Concern)
Cr Sale
Cr GST Output
Tds Deducted By Govt Concern:
TDS GST (Cash ledger). Dr
To Party ( Govt. Conern ). Cr
Dr Party (Govt Concern)
Cr Sale
Cr GST Output
Tds Deducted By Govt Concern:
TDS GST (Cash ledger). Dr
To Party ( Govt. Conern ). Cr
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