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We issued C for the provisional price first. Again for the
payment of Price Variation payment a fresh C form is to be
issued?
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Answer / 1shri
Yes,
It is required as the Material Value decrease/increases
hence the sales value also get deffer.
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when i worked finalisation of a firm during 2006-07under kerala vat act in 23-9-06 there is a advancesales tax RS 2170 paid by firm and inthe same month vatpayable is rS.5201 the advance tax is deducted from vatpayable that is 5201-2170=3031 is the vat payable during the month. what are the entries passed in computerised accounting during finalisation in this case please explain
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