Interested to Buy Any Domain ? << Click Here >> for more details...
There is a Service Bill of Rs.50,000 & Service Tax added
10.30% & We have to deduct TDS @ 2%. Assume that Service
Tax Input Credit available to Ur Co. What is the Journal
Entry for this?
- 23 Answers
- 66437 Views
- A Cube Solutions, HCL, Motorola, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nitin lunawat
1) at the time of booking Expense
Expense Ac Dr 50000
Service tax Receivable Account Dr 5150
To Party Account Cr 55150.
At the Time of Payment.
Party Ac Dr 55150
To Bank 55150
At the End of Month when Service tax Paid
Service tax Payable Dr 5150
To Service tax Receivable 5150.
| Is This Answer Correct ? | 7 Yes | 8 No |
Answer / ranjit yadav
Entry
Expense a/c Dr 50000
Service Tax Input a/c Dr 5150
To Service Tax Payable a/c 5150
To Tds a/c 1103
To Party a/c 48897
| Is This Answer Correct ? | 0 Yes | 1 No |
What will be the rate of TDS on contractor if the amount paid in a year crosses Rs.75000/-
can we accept Rs.20,000/- and more as advance against order from costumer?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT
how to record journal entry for tds on salary on quarterly basis?
28 Answers Bharat Trading, BTA, Duravit, HDFC, Metatron, Reliance, TCS,
What is the date of depositing entry tax and submission of return?
After assessment of books ITO demanded to pay Rs.5000 /- what will be the journal entry
how will you make vat returns?
What are the present TDS rates for various transactions in Indai.
What do you mean by vat, vat registration total cost hydra bad in which places
what is TCS? and why it is collect by Government?
can we purchase software agaist Form under In the telecommunications network; or
0 Answers Accenture, Vodafone,
Audit 
