Answer / amit kumar tiwari

Advance Entry. Paid 10000/-

Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200

(Being amount paid as Advance)


When bill receive Rs.25000/-

Printing & Stationery Dr. 25000
To Vendor Cr. 24700
To TDS on Contract Cr. 300

(Bill No……….. Tds already paid Rs.200.00


final entry.

Vendor Dr. 14700
to Cash 14700
(Being Amount paid against bill no…………..)

Answer / mohd rustam

Advance Entry. Paid 10000/-

Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200

(Being amount paid as Advance)


When bill receive Rs.25000/-

Printing & Stationery Dr. 25000
To Vendor Cr. 25000



final entry will be:

Vendor Dr. 15000
to Cash 14700
to TDS On Contact 300
(Being Amount paid against bill no…………..)

Answer / vikas sharma

Vendor A/c Dr. 10000
To cash A/c 9800
To TDS on contract A/c 200
(Being advance payment)

Printing & stationary A/c 25000
To vendor A/c 24700
To TDS on contract 300
( Being amount credited to vendor A/c towards Printing & stationary purchased)
Vendor A/c 14,700
To cash/bank A/c A/c 14700
(Being amount paid)

Answer / mansi

Advance Entry. Paid 10000/-

Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200

(Being amount paid as Advance)


When bill receive Rs.25000/-

Printing & Stationery Dr. 25000
To Vendor Cr. 25000



final entry.

Vendor Dr. 15000
to Cash 14500
to TDS On Contact 500
(Being Amount paid against bill no…………..)

Timings / Months when the advance tax shud be paid For Domestic companies?

2 Answers  

---

pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR

4 Answers  

---

if we have amc any vendor 30,000 pa. should we deduct TDS

13 Answers   TCS,

---

can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

0 Answers  

---

At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.

0 Answers   IBM,

---

Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.

2 Answers  

---

Hi, I need the clarification in Tax Rate in Karnataka for Frozen foods like Paratha, Briyani, Pasta's Please share the information for me

0 Answers  

---

Sir, An Awarder make part payment to the Contractor after deducting retention money @5%. The retention money will be paid to the contractor when the contract work is fully completed. Here my question is,when the Awarder has to deduct tax on retention money, at the time of deducting the retention money or at the time of payment of retention money when the contract is completed? Here "Tax" means Income Tax, VAT, Service Tax etc. Please reply Thanking You

2 Answers  

---

what is the difference between excise duty and sales tax

10 Answers  

---

is there in india the rate of work contract are same in all states if now what are the statewise rate

0 Answers  

---

Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

0 Answers   NTPC, XYZ,

---

basic knowledge of accounting ?

8 Answers  

---