Tds and service tax on rent
CMA RAVI (ASSISTANT MANGER - FINANCE) (478 Points)
07 April 2013
CA Tushar Singhania
(Asst. Manager Accts & Fin.)
(402 Points)
Replied 09 April 2013
Rent 100000
service tax there on @ 12.36% 123600
total 1123600
TDS:- @ 10%
Entry:-
Rent Ac Dr. 10lacs
Sevice Tax expense Ac Dr. 1.236Lacs
to TDS Payable Ac 1lac
to Bank\party\cash ac 9lacs
to ST Payable 1.236 lacs