how to pass entry for VAT return adjustment entry?
Answer Posted / saurabh gureja
when output vat is higher than input then entry will
be: output vat dr.
input vat cr.
vat adjutment a/c cr .
but when input is higher then:
output vat dr.
vat adjustment dr.
input vat cr.
Is This Answer Correct ? | 32 Yes | 7 No |
Post New Answer View All Answers
How can deduct tds from auction cases (timber)
sub hadding no. scrap & Wastage in corrugated box
witch taxes are calculate in CENVAT for Gold ornaments ?
if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?
wht do you mean by copmosition of tax
agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai
what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns
should pranav mukherjee has done things good, by giving burden to vodafone a huge tax liabilty.....it will not affect our fdi???
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.
what is capital account? how to manage it? what is the process?
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.
Hello Sir, Please send the knowing calculation of attrition rate?
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?