uday rao (22 Points)
22 February 2023if we are paying to a private contractors without gst bill like the contractors doesn't have a company and doing work as a freelance something...i do we should record those entries in tally and what amount of percentage should be calculated and please give full details please.
thank u in advance.
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 22 February 2023
sorry for miss interpretation the query earlier .
Yes , you have record these transitions , in the books of accounts as a part of business .
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 22 February 2023
Also check regarding TDS applicability under section 194 (C) of the Income tax act - ( payment to contractor )
uday rao
(22 Points)
Replied 22 February 2023
I mean if a person is ABC so the entry will be
By ABC A/c Dr
To contractor expenses Cr
Or
By ABC A/c Dr
To bank A/c cr
And if the second entry is correct then the ABC comes under which head
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 22 February 2023
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 22 February 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 22 February 2023
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 22 February 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 22 February 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 22 February 2023
uday rao
(22 Points)
Replied 22 February 2023
Contractor expenses account comes under what head...?
Is it under indirect expenses
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 22 February 2023
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 22 February 2023
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