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

[Sreedhara R]

Thanks for the response.
If the rent amount is Rs. 10,000,Tax Deducted at Source (TDS) of 10% (Rs. 1,000) is withheld by the payor and he/she will have to deposit the same with the Government as Tax on behalf of the Landlord.Service Tax (ST) of 15% on Rs 10,000 (i.e., Rs. 1,500) is collected by the Landlord and he/she will make the same payment to another Government agency.
Thus, the amount to be collected by the Landlord is Rs. 10,500 (9000+1500).
-Sreedhara 

    On Tuesday, November 29, 2016 3:43 PM, Liz <edodd at billiau.net> wrote:
 

 On Tue, 29 Nov 2016 04:05:03 +0000 (UTC)
Sreedhara R via gnucash-user <gnucash-user at gnucash.org> wrote:

> Thanks a million in advance.
1,000,000 less 100,000 plus 150,000 ??

Can I get this straight??
You quote the price (original example 10,000 Rupees)
>From that price you withhold 10% to pay the taxman
and charge a service fee of 15% on the quoted price ??

We need to know where each part goes in order to advise how to record it


Liz