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 Posted / vicky raj
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%)
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