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 / vishwanath
PROFESSIONAL FEES A/C DR. 50000/-
SERVICE TAX A/C DR. 5150
TO PARTY A/C CR. 54047
TO TDS ON PROF. FEES A/C 1103
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