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Expenses

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(Querist)
08 January 2015 In previous year the company booked expenses 3 lacs (against party Xyz co. bill, but current year we return that bill after 6 months

at the time of expenses booked entry is=
Expenses A/c Dr.
Service tax Input A/c Dr.
To Party Xyz A/c Cr.
To TDS Payable A/c Cr.

Plz clearfy details with current year entry
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Vishnu Saboo

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Vishnu Saboo (Expert)
08 January 2015 in my opinion, reverse the entry.
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KAMALAKANTA SAHU

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KAMALAKANTA SAHU (Querist)
09 January 2015 we already take input service tax & deposited TDS same
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Vishnu Saboo

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Vishnu Saboo (Expert)
14 February 2015 you have to reverse tax credit taken, and see if TDS diposited can adjust with upcoming or current transactions

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