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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 / s. k. patel
Expence A/C Dr. Rs. 50000/-
Service Tax Cenvatable A/C Dr. Rs. 5150/-
Service Provider A/c Dr. Rs. 1103/-
To, Service Provider A/c RS. 55150/-
To, Tds Payable A/c Rs. 1103/-
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