vat amount payable in financial year 2010-2011 Rs. 25000.00
but we paid Rs. 35000.00. This exces payment will be
carried in next financial year?
Answers were Sorted based on User's Feedback
Answer / sreenivasulu
the excess amount paid towards VAT (i.e.10000) can carry forward to next financial year. But, while paying the VAT in the year 2011-2012 the excess amount is to be written-off from the amount payable towards VAT.
Is This Answer Correct ? | 20 Yes | 1 No |
Answer / devender kumar
Yes this excess amount will be adjusted against current
financial year Vat payable.
for example: vat payable for current year is 20000. then
entry will be
vat payable Ac dr 20000-10000(10000)
To bank ac cr 10000
Is This Answer Correct ? | 1 Yes | 1 No |
The excess amount paid of Rs. 10000/- will be carried forward
in the next year and can be adjusted with that year Vat
payable amount.
Is This Answer Correct ? | 3 Yes | 4 No |
what is tax rate for Companies for the Assessment year 2009-10?
sir can u please provide me knowledge about all the direct tax and indirect tax
How to fill up the Challan (Form-VIII)of profession tax?
If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??
We are generally give order to the printing company for printing our uniqe file,calender,sovenour,answer sheet,envelop etc, when company submite the bill it charge the bill includes vat@4%, so can we deduct the TDS on total invoice value or only cost amount (exclude the vat).
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
0 Answers Construction, Ernst Young,
what typae of accounts?
If We received Purchase bill for Rs. 67320 2% CST ( Ta Rs. 1320 on Assessable value of Rs. 66000/- ) against Form C but while making payment we had paid as per 12.50 % Tax amount i.e. 8250 . Total paid Rs. 74250/- then is it necessary to give Form C to the party?
what is the rate of tds below 60, if salary is rs. 20000.00 & 25000.00 and how to calculate.
if my salary is 21855 per month for finicial year april 2011- march 2012 what tax will be deduct
How to Calculate the ESI,PF?it is basic Salary or Gross Salary?
97 Answers ACME, Airtel, ESI, FMCG, GOMS, Goyal Group, Goyal Motors, Gurukul, HCCBPL Hindustan Coca-Cola Beverages Private Limited, InfraTech, Kalanikethan, Nagarjuna Construction, Orchid Manpower, Srishti infrabuild, Wipro,
I have issued an invoice to a client in which i have charged service tax but I have not received any amount against that invoice. In this case when is service tax payable.