What accounting entry to be passed for tds & service tax

suman (student) (24 Points)

10 July 2013  

Can anyone give suggestions regarding accounting entry?

1)  In company form 26AS one party shows

     Amount paid/ Credited -441200

     Tds deducted & Credited- 44120.

 

     Assume that the above service provided by my company is liable to service tax @ 10.3% only.

     Now what is the entry to be passed in my books and how much income is to be booked.