Answer of this question

If You are Not taking Input of Service Tax (Like we are Vat Dealer)

Professional Exp Dr  115000

       To Party                     115000

If You are taking Input of Service Tax (Like Registered in Excise or Service Tax)

Professional Exp Dr  115000

Input Service Tax       14000

Input Krishi Kalyan Cess 500

Swachh Bharat Exp       500

     To Party                            115000

(Note:- We do not get Input of Swachh Bharat ,hence we book it is as expense)

The above entries we have passed assuming no TDS

If TDS also applicable,entries will be

If You are Not taking Input of Service Tax (Like we are Vat Dealer)

Professional Exp Dr  115000

       To Party                     105000

        To TDS 194 J              10000

If You are taking Input of Service Tax (Like Registered in Excise or Service Tax)

Professional Exp Dr  115000

Input Service Tax       14000

Input Krishi Kalyan Cess 500

Swachh Bharat Exp       500

     To Party                          105000

       To TDS 194 J              10000

(TDS will be deducted under Section 194 J @ 10% on 1000000 i.e. amount without Service Tax)

Learn More

http://www.teachoo.com/914/375/Input-of-Service-Tax-for-Vat-Dealers/Input-Vat-Admissability/author/teachoo/

http://www.teachoo.com/3885/321/Input-Of-Swachh-Bharat-And-Krishi-Kalyan-Cess-On-Expense-Bills/Service-Tax-Computations/author/teachoo/

http://www.teachoo.com/947/367/

Written on July 5, 2016, 6:52 p.m.