Accounts entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2010 A ltd. provides telecomunication service to B Ltd. Rs. 10000, for a specified periocd.with service tax.& B Do the payment & deduct the TDS

my Q is 'what is the entry in the books of A & B (jurnal entries, for service tax & TDS)

PLs reply asap.

sudhakar ca cwa

sudhakar ca cwa (Expert)
Follow

09 November 2010 b ltd a/c dr
to services income a/c dr
to service tax payable a.c

at the time of relaisation of amount pay the service tax

Service exp a/c dr
service tax input a/c dr
TO A A/C DR
TO TDS A/C

TDS needs to pay after considering the serive tax