Check sibling questions

Example 3

Payment Made in Advance

The Company entered into connect with Max Ltd on 25 April for 100,000+ Service Tax 15%

Whole amount paid in advance on that date to Max Ltd

Bill Received on 10th June from Max for Consultancy Service

Pass Entries assuming no TDS

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Example 4

Pass Entry in Example 3 assuming TDS is applicable

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.