we are registerd dealer in delhi we are purchase some goods
from unregisterd dealer pls. suggest me what type entry in
my book for records . all pur. in cash
- 2 Answers
- 5170 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / venkatesh
DEAR SIR,
YOUR A REGISTER DEALER
BUT YOU HAVE PURCHASE FROM U/D
SO TAX WILL NOT COME BUT PURCHASE AND SALES YOU HAVE TO
SHOW THE RETURNS AND INPUT CREDIT NOT AVAILBLE TO YOU
FOR EXP. ENTRY.
PURCHASE GOODS UN /DEALER A/C DR 50000/-
TO SUNDRY CREDITORS A/C 50000/-
(BEING PURCHASE FROM U/D VIDE IN.NO. XX DT XXX)
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sandeep
dear,
if u r purchasing cash from unregistered dealers then you
should direct debit the relevant purchase account. in such
case you are not eligible to avail the benefit of input tax
credit. Also make sure that no payment of Rs. 20000/- to a
single person in a day is made.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is form 38 & form c
What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?
HOW TO TREATMENT OF SERVICE TAX ( WHAT INPUT & OUTPUT ADGUSTMENT SAME AS A dvat)
what is exemption of income tax in case of huf and a firm
We are generally give order to the printing company for printing our uniqe file,calender,sovenour,answer sheet,envelop etc, when company submite the bill it charge the bill includes vat@4%, so can we deduct the TDS on total invoice value or only cost amount (exclude the vat).
when an endorsed bill dishonored, for the endorsee, it become the laibility? 1)of the drawee 2)of the drawer 3)of the payee 4)of the indorser
when sales made in 2% cst against c-form, the buyer issue the c form to the seller, what the seller made on these c form , how can the seller benefited by the c form?
what is fbt can anybody send me rate of fbt
What is VAt ?
If the purchaser did not submit form "c" while purchase from outside state, and he charged for 12.5 % vat, then can he claim input credit for Rs. 12.5 % ?
how to enter annual maintenance service bill in account?
How can you know assesse type for tds deduction from PAN No. Like Company,association like that
2 Answers National Safety Council,
Audit 
