Tds and service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2015
Hello Guys,
As the year end is there, how can I make a provision in books for specific expenses if the Service tax and TDS matter is there.
e.g.
Service Bill 100000
Service Tax 12360
TDS 10%
what entry should I post for provision??
As the year end is there, how can I make a provision in books for specific expenses if the Service tax and TDS matter is there.
e.g.
Service Bill 100000
Service Tax 12360
TDS 10%
what entry should I post for provision??
03 April 2015
do u get cenvat credit of servie tax...
if u dont get
expense a.c dr 112360
to tds payable 10000
to party 102360
if u dont get
expense a.c dr 112360
to tds payable 10000
to party 102360
03 April 2015
If CC available to u,
Exp Dr. 100000
Service Tax receivable Dr. 12360
To TDS 10000
To Party 102360
Exp Dr. 100000
Service Tax receivable Dr. 12360
To TDS 10000
To Party 102360
03 April 2015
yupp.. agreed with CA Deven
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2015
Thanks Dear Sirs..
but the cenvat credit rules says the credit is only available at the time of Payment of service tax
Also, is it necessary at year end to take a provision of service tax receivable
but the cenvat credit rules says the credit is only available at the time of Payment of service tax
Also, is it necessary at year end to take a provision of service tax receivable
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