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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 / rajmangal maurya
service bill booking entery
Expences a/c dr. 50000
service tax a/c dr. 5150
to party a/c 54150
to tds @2% 1000
payment entry to party
party a/c dr. 54150
to bank a/c 54150
tds deposit entry
tds a/c dr. 1000
to bank a/c 1000
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