Hitesh Satani (CA. Final) (45 Points)
26 December 2011hi.,
for Civil engineers provided construction services and raise bill to party with service tax, EC, SHSEC and TDS so
what's the entry for below transaction when bill raise.
ABC Enterprise raise bill to Apple wood Ltd.
For Building Construction Rs.5,00,000 ,Service Tax Rs.50000, EC Rs.1000. SHEC Rs.500 and TDS Rs. 55,150
suggestion me for journal entry in the books of ABC Enterprise(Service Provider)
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 26 December 2011
Apple wood A/c Dr. 4,96,350
TDS receivable A/c Dr. 55,150
To service Income 5,00,000
To Service Tax payable 50,000
To EC Payable 1,000
To SHEC Payable 500
CAclubindia
