Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What will be general entry for VAT or Sales Tax paid to
government in cash for an Financial year?



What will be general entry for VAT or Sales Tax paid to government in cash for an Financial year?..

Answer / nagachandra pattar

There is no need to open Government (Sales Tax Dept)A/c in
your books.
The entry was:
VAT Payble A/c Dr ***
To Cash/Bank A/c ***
(Being Sales Tax paid for xxxmonth-10)

Is This Answer Correct ?    9 Yes 0 No

Post New Answer

More Taxation Interview Questions

A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds @10% what enters be made in the books of CA and party.

5 Answers   Genpact, Sams,


if i sale goods on dt 30.06.09 but calcutta party received it on 07 july ,so the party issue to form C for which quarter

9 Answers  


We have got 5 firms. Same partner only running all the firms. Salary is going from one firm. But if we go for PT registration it is asking number of employees. I don't know how to fill the form in online. Any one can help me?

0 Answers  


I paid service tax double time due to web site problem for the year 2009-10, is there any chance to claim that amount if yes please tell me the process. thanking you.

0 Answers  


how to get input credit in vat & service tax

0 Answers   Cap Gemini,


WHAT IS TIN

7 Answers  


I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.

0 Answers  


What is the percentage of CST on Hire Charges(Hire machinery - if suppose we hired one Crusher from West Bengal state's party), Please give clarification?

2 Answers  


How we will learn Sales Tax, VAT quickly?

3 Answers  


Which book is best for fringe benefit tax ( FBT )

1 Answers  


incase we sold to the goods to a indiviucal person to other state,but its claimed a form 'C' ?

2 Answers  


What is the difference between excise & service tax?

0 Answers  


Categories