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
- 60309 Views
- A Cube Solutions, HCL, Motorola, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
While depositing cash at any bank above then Rs 50K, we need to provide PAN Card or we have to fill form 60, but tell me why a person needs to sign FORM 60 if he is paying installments of >50K of Loan availed by him/her earlier? As if he is repaying Loan, not depositing in his A/c?
wht do you mean by copmosition of tax
What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)
assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose
What is VAT TDS? when it is applied & at what rate?
Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?
what is fbt@ ,sd @
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
how to calculated all taxes their information in details
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
what is service tax? how its count? and why its count?
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
What is excise & service tax? What is the difference?
