If ABC security service provider monthly bill for the month
of Jan is Rs.2,00,000/- including TDS 2% and Service Tax
12%, Edu.Cess 2% and SHE Cess 1% what is the journal entry.

Answer Posted / muna

1st entry:

ABC Security Rs.2,24,720/ Dr.
To Service Tax Rs.24,000 Cr.
To Security Service Rs.200000/-Cr.
To Edu. cess Rs.480/-Cr.
To SHEC Rs.240/-Cr.


2nd entry:

TDS Recoverable Rs.4000/- Dr.
Cash /Bank Rs.220720/- Dr.
To ABC Security Rs.2,24,720/- Cr.

Is This Answer Correct ?    4 Yes 7 No



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