A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds
@10% what enters be made in the books of CA and party.
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Answer Posted / santhosh varma
Bill Entry
Financial & Legal Charges A/c...........Dr 1,00,000
Service Tax A/c.........................Dr 12,360
TO CA-(Consultancy) A/c....Cr 1,02,360
TO T.D.S-Payable A/c.........Cr 10,000
Payment Entry
CA-(Consultancy) A/c.........Dr 102360
TO Bank/Cash A/c------Cr 102360
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