Answer / manikprabhu s uttarwar

Following are the broad step to make VAT Return -

1. List of TIN-Wise & Tax Rate Wise Purchases from Registered Dealer within the State.


2. List of TIN-Wise & Tax Rate Wise Purchases from Registered Dealer Outside the State.

3. VAT Rate wise LOCAL (Within the State) Sales


4. VAT Rate wise CST (Outside the State) Sales

5. List of Stock Transfers outside the state

6. Details of Sales of Scrap / Sale of Asset / Intangible Assets (e.g. Copyright, Brand etc.)

7. List of Imports

8. List of Exports

9. List of Stock Receipts from Outside State

10. And then you have to calculate VAT Liability like -

OUTPUT VAT PAYABLE - INPUT TAX CREDIT AVAILABLE + RETENTION ON BRANCH TRANSFERS OUTSIDE STATE

11. State to state rate of retention is different

12. Purchase of Assets / expense purchases also needs to be separated from Local purchases

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.............. this way you have to prepare for VAT Return working

MY QUESTION IS 1. WHAT ARE THE LEDGERS TO BE OPEN FOR TDS 2. WHEN AND TO WHOM I DEDUCT TDS 3. JOURNAL ENTRY FOR ALL TDS TRANSCATION 5. IN TALLY ERP MENTION LEDGER TO BE CREATED UNDER WHAT GROUP 6. THEN ANY OTHER IMPORTANT INFORMATION ABOUT TO CHECK IN TDS

1 Answers  

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income of any school & collage can taxable, if "yes" so how.

1 Answers   Mitsubishi,

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Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.

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What is the different between Excise Invoice and Invoice

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Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?

0 Answers  

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any change in service tax rate 10.3%?

4 Answers  

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subscription charges paid to foreign firm, whether TDS is applicable or not? Because amount is huge

2 Answers  

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What is the invoice procedure for scrap material, which was received from our customer as sales return/warranty

3 Answers   Adani,

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what is DATT? and how can assesse get Benefit and what is it section?

0 Answers  

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amounts for which esi,pf n tds get applicable ???

1 Answers  

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this is regarding the C form. suppose Mr A registered dealer in Haryana and Mr B registered dealer in UP and Mr A issue a Purchase Order which include 4% CST on Price to Mr B for purchasing the goods. In this scenario, is Mr A is required to issue the Form C to Mr B?

3 Answers  

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we are registered dealer of VAT(sale tax) for different states regarding consutruction of chimney and roc, we also purchase material inter-state under cst . so, please someone help regarding VAT+VAT TDS+CST+WCT+Service tax both under composition scheme and non-composition and any related site or recommened books which one solve queies. Thank u

1 Answers  

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