Answer / manu s shetty

cash a/c dr
To sales a/c
to Vat a/c

Answer / m sambasiva rao

When Sales Tax Paid the follwoing entry to be made by
Accountant
Sales Tax Payable A/c Dr
(under group of other liabilities)
To Bank A/c
(Cash & Bank Balaces)

Answer / sandeep

credit the actual sales value,
credit the sales tax portion,

debit the venodr with total value,

@ the time of deposit sales tax debit the sales tax a/c.

thanks

Answer / sasi

How can I calculate TDS AND FBT tax for a Travel Company?

What diffrance between 1st stage,2nd stage and 3rd stage dealer in excise.? Explain.!

5 Answers  

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IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT IS LIABLE FOR TDS DEDUCTION THAT IS WHOLE INVOICE AMOUNT OR EXCLUSIVE OF VAT AMOUNT

2 Answers   Komal Texfab,

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V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.

2 Answers   Jade Software,

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Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?

12 Answers   ABC, PPS, SGI,

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if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?

0 Answers  

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I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.

0 Answers  

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can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case

0 Answers  

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Sir, An Awarder make part payment to the Contractor after deducting retention money @5%. The retention money will be paid to the contractor when the contract work is fully completed. Here my question is,when the Awarder has to deduct tax on retention money, at the time of deducting the retention money or at the time of payment of retention money when the contract is completed? Here "Tax" means Income Tax, VAT, Service Tax etc. Please reply Thanking You

2 Answers  

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I am Register dealer in Karnataka. One of another register dealer of karnataka has got job work at Andhra Pradesh. They asked us to deliver the material in Andhra pradesh but the invoice should be in Karnataka only. Now my question is what type of sales tax should we charges VAT / CST? As per my best knowledge whether we raised the invoice in Karnataka the invoice will raise in VAT though we deliver the material at Andhra Pradesh.

3 Answers  

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CAN TDS BE DEDUCTED IF LABOUR CHARGES ARE PAID IN CASH

3 Answers  

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what is meant by dearness allowance?

1 Answers   Wipro,

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What do you mean by MOT Charges in excise ? Explain !

2 Answers  

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