can we post input taxes during the making of down payment
to vendors ex: down payment to vendor is 100000 on this the
input tax is 10000 so we have to pay only 90000 for
calculating like this what procdure we have to do kindly
explain any one
Answer Posted / g s vijay
Party Account Spl Gl Account (A) A/c Dr 1,00,000
To TDS 10,000
To Bank 90,000
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