Expenses
This query is : Resolved
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
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
08 January 2015
in my opinion, reverse the entry.
09 January 2015
we already take input service tax & deposited TDS same
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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