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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 / sujit pandey
Expenses a/c dr - 50000
Service tax input dr-5150
To party a/c - 55150
At time of Tds
Party a/c dr -54150
tds input dr -1000
TO BANK A/C -55150
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