07 December 2014
will it be possible to raise the tds entry also in purchase voucher along with service tax. if so pls let me know the procedure such that the payment should take the effect exactly the amount to be paid to the party.
Service amount Rs. 1 lakh Service Tax @ 12.36% Rs. 12,360
Entry:
Expense A/c Dr 1 lakh Input Credit Service Tax A/c Dr 12000 Input Credit EC Service Tax A/c Dr 240 Input Credit SHEC Service Tax A/c Dr 120 To TDS Payable 10000 To Creditor 102360
CAclubindia
