Tds amount and service tax amount.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2014 if a single bill issued by a CA firm to company for Audit fee and service tax amount how much TDS amount and service amount shall be .

Audit fee = 5,00,000
Conveyance charge= 5000
Launch= 5000
Service tax 12.36%= 63,036
total amount = 5,73,036

Note -Service charged in invoice is correct or not and how much tds will be deducted on the bill amount.

Ganeshbabu K

Ganeshbabu K (Expert)
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03 July 2014 Okay,, it is fine
.
.
Actually they have charged service tax on Conveyance and lunch fee charge also
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.
see==500000+5000+5000=510000*12.36%=63036
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.
TDS is on 5,10,000 @10%=51000
.
.

Ganeshbabu K

Ganeshbabu K (Expert)
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03 July 2014 Accounting entry can be passed as below
.
.
Dr.Audit fee A/c 5,00,000
Dr.Conveyance 10,000
Dr.Service tax input 63036
Cr.TDS payable 51000
Cr.Auditor A/c 522036

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Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2014 tahnks Ganeshbabu K ji for reply my answer .