tausif ahmed (accountant ) (38 Points)
23 September 2022 Mr.Jogendra Isssued a bill for his interior work done on my rented shop of Rs. 2,00,000/- (bill includes material 140000 and 60000 labour charges) How can I pass entries in tally. Is there any tds deductable ? Pls guide me regarding this.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 23 September 2022
If work is done from Interior contractor then TDS applicable. pass entry.
You Can show in F9 purchase, as Voucher in Tally prime / ERP
Interior Expenses A/c Dr
CGST A/c Dr
SGST A/c Dr
To Mr Jogendra A/c Cr
To TDS payable A/c Cr
( Payable to Mr Jogendra after TDS deduction)
Payment entry - F5
Mr Jogendra. A/c Dr
To Bank A/c Dr
( Payment made)
TDS payment entry-F5
TDS payable A/c Dr
To Bank A/c Cr
( TDS payment in Govt account)
Mr Joginder A/c under Trade Creditors and TDS payable A/c under Duties & Taxes
CAclubindia
