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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?
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Answer / kiran
expenses a/c dr 44850
service tax a/c dr 5150
to party a/c 50000
( being bill no........)
party a/c dr 1000
to tds a/c 1000
( being tds deducted 2% on contactor)
| Is This Answer Correct ? | 114 Yes | 46 No |
Expense A/C DR 50000
Service Tax Input dr 5150
TO Tds Payble cr 1103
To Party A/c cr 54047
(Being bill booked and tds deducte 2%
| Is This Answer Correct ? | 60 Yes | 27 No |
Answer / vaishali pawaskar
J.V entry pass
professonal fees Ac........ Dr 50000
Service tax Receivable Account Dr 5150
To Party Account Cr 54047.
TO TDS on prof fees cr 1103
At the Time of Payment of TDS
TDS on prof fees........dr 1103
to cash /bank a/c 1103
At the Time of Payment of creditor
Party Ac Dr.......... 54047
To Bank 54047
| Is This Answer Correct ? | 39 Yes | 9 No |
Servic Tx Payble A/c Dr. 5150
To Service Tax Input Cr. 5150
(Being Service Tax Input Tax Utilised)
| Is This Answer Correct ? | 19 Yes | 9 No |
Answer / viseswar
Expense A/c Dr 50000
Service Tax receivable Dr 5150
To Tds Payble (194c comp.) Cr 1103
To Party A/c Cr 54047
(being servicetax paid (10.3)& tds deducte 2%)
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / biseswar
Expence A/c 50000.00Dr.
Service Tax payable 5150.00Dr.
To TDS Payable (194c Contractor) 1103.00Cr.
To Party A/c 54047.00Cr.
Being the Bill Booked after deduction 2% TDS
| Is This Answer Correct ? | 12 Yes | 8 No |
Answer / nagachandra pattar
Expenses A/c Dr 50000
Service Tax A/c Dr 5150
To Party A/c 55150
Party A/c Dr 1103
To TDS Payble A/c 1103
(Being Tds @2% deducted including Service Tax)
| Is This Answer Correct ? | 30 Yes | 27 No |
Answer / vishwanath
PROFESSIONAL FEES A/C DR. 50000/-
SERVICE TAX A/C DR. 5150
TO PARTY A/C CR. 54047
TO TDS ON PROF. FEES A/C 1103
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / rajmangal maurya
service bill booking entery
Expences a/c dr. 50000
service tax a/c dr. 5150
to party a/c 54150
to tds @2% 1000
payment entry to party
party a/c dr. 54150
to bank a/c 54150
tds deposit entry
tds a/c dr. 1000
to bank a/c 1000
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vishalgoel88@yahoo.com
1)bill record entry
Service bill a/c dr. ........ 50000
Service tax cenvat a/c dr......5150
To Party a/c 54150
To TDS payable 1000
2) Payment entry
Party a/c dr...... 54150
To Bank a/c ...... 54150
(TDS calculated on basic value excluding service tax)
(Note : Service tax charged in the bill by service provider)
| Is This Answer Correct ? | 2 Yes | 0 No |
Define the term person?
Dear Sir, i am doing excise part, now I have a dout Please clarify any one. my question is I submitted July month return in before 10th August. But we sold material in july to x party excise value 12% - 1000, 2% - 20 and 1% - 10 Rupees respectively, we paid this amount in the same month it's no problem sir. but now x party reject the material and invoice in september month. may i adjuste above paid amount in september month return? How can i adjuste and where can i metione this details in Excise return? please give answer it's help full for me. Advance thanks for every one reply.
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