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How to pass journal entry for vat return entry

Answer Posted / jayachandran,cavin industries

1.at the time of sales

Debitor a/c DR

VAT payable a/c CR

2.Input VAT Adjustemnt entry

VAT payable a/c DR

Input Vat 4% and 14.5% Cr

3.At tthe time of amount remited to Sales Tax

VAT Payable a/c Dr

Cash / Bank Cr

Is This Answer Correct ?    29 Yes 12 No



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