Answer / nagaraju arepalli

First Vat returns entry
At the time of purchase
purchase A/c Dr
Input Vat A/c Dr
To Bank/Supplier A/c
At the time of sales
Bank/Customer A/c Dr
To output Vat A/c
To Sales A/c
At time of Vat return
Output Vat A/c Dr
Input Vat A/c
Bank A/c
At the time of TDS deduction from customer
TDS A/c Dr
To Customer A/c
At the time of TDS pay to incometax
Income tax A/c Dr
To TDS A/c

What is the differance between vat and tds d-vat and can we take benefit from it. for example if we sells to some one the entry is Dr. ram A/c 10000 Cr. Sales@4% 9600 Cr. Output vat@4% 400 now we received the cheque agst. sell the entry is Dr, Bank A/c 9573 Dr. Tds d-vat Receivable A/c 200 Dr. Tds Income Tax A/c 227 Cr. Ram A/c 10000 now If We recd. the Tds D-vat Certificate from our Debtor (Ram) What is the entry.....?????? and how can we get the benefit of it...???

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