Tax Deduction at Source (TDS) and Service Tax Entries in the Invoice

Sreedhara R rsreedhara at yahoo.com
Mon Nov 28 23:05:03 EST 2016


Hello,
Good Morning.In India, most invoices should have a TDS amount (a deduction of 10%) of the price/sale amount and a service tax of 15% on the same amount. For example, if Rent for a real estate is Rs. 10,000 per month, the Invoice will have to look like this:
Rent   Rs. 10,000TDS   Rs. (1,000)Service Tax  Rs. 1,500_________________________Total Amount:  Rs. 10,500_________________________
Can anyone please help me to create this with GNUCASH.
Thanks a million in advance.
-Sreedhara


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