Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 66461 Views
- A Cube Solutions, HCL, Motorola, I also Faced
- E-Mail Answers
Answer Posted / satendra kumar paswan
Entry No. 1
Expenses A/c Dr 50000
Service Tax Payable A/c Dr 5150
To Party A/c 55150
(Being amt. of expenses vide bill no. ? )
Entry No. 2
Party A/c Dr 1103
To TDS Payble A/c 1103
(Being Tds @2% agst. bill no. ?)
Entry No. 3 for Service Tax Input Credit
Servic Tx Input A/c Dr. 5150
To Service Tax Payable Cr. 5150
(Being Service Tax Input Credit Utilised)
| Is This Answer Correct ? | 9 Yes | 9 No |
Post New Answer View All Answers
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us.
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
What will be the planned expenditure in the budget 2009-10
What is VAT TDS? when it is applied & at what rate?
i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.
what is the vat rate of Saw dust powder in maharashtra
We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?
How many turnover company active TAN no applicable and how many deduction % of service.
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in
ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes
What we mean by MAT Credit Entitlement ???
Who is to paid income tax and what is the procedure of filling income tax return?
meaning of accessory for central excise purpose
