vinod kumar


{ City } banda
< Country > india
* Profession * accountant
User No # 54076
Total Questions Posted # 0
Total Answers Posted # 2

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 13
Users Marked my Answers as Wrong # 19
Questions / { vinod kumar }
Questions Answers Category Views Company eMail




Answers / { vinod kumar }

Question { HCL, 60429 }

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?


Answer

Expense A/c Dr 50000
Service Tax payble Dr 5150

To Tds Payble Cr 1103
To Party A/c Cr 54047
(being servicetax paid (10.3)& tds deducte 2%)

Is This Answer Correct ?    9 Yes 10 No

Question { HCL, 60429 }

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?


Answer

By Expense A/c Dr 55150


To party/Bank A/c Cr 49000
To Cenvat A/c Cr 5150
To Tds Payble A/c Cr 1000


(Being servicetax Input Taken (10.3%)& tds deducte 2%)

Is This Answer Correct ?    4 Yes 9 No