10 May 2014
you wrongly deduct TDS it should be deducted on Rs.18000 only @ 2% i.e.360. Entry Security service charges Dr...........20225 To TDS................................360 To Vendor.............................19865
Vendor Dr...............................360 To Cash/Bank.............................360
10 May 2014
No tds applicable on servicetax if shown seperately . CBDT Circular 1/2004 . However as u deducted 2%already deposit the same to dept and show in tds return .1)journal entry . Dr.security chargesa/c 18000 Dr.servicetax a/c 2225 Cr.tds payable 194C 405 Cr.serviceprovider 19820 . 2)payment entry . Dr.serviceprovider a/c 19820 Cr.bank a/c 19820
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