vat amount payable in financial year 2010-2011 Rs. 25000.00
but we paid Rs. 35000.00. This exces payment will be
carried in next financial year?
- 3 Answers
- 6096 Views
- Genpact, MSEB, I also Faced
- E-Mail Answers
Answer Posted / devender kumar
Yes this excess amount will be adjusted against current
financial year Vat payable.
for example: vat payable for current year is 20000. then
entry will be
vat payable Ac dr 20000-10000(10000)
To bank ac cr 10000
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Why service tax payable is not considered while calculating Wct Tds.
I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar
What is the %age of T.A.,D.A.,H.R.A.,BASIC
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
Explain the procedure to calculate provident fund, esi, vat and sales tax.
What is calculate of tds
When and how Wct is applicable on Labour Job Work and what is the percentage?
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment
what are the slab rate for F Y 2010-11
What is meant by Cost of Improvement?
Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
IF XXX GOT AN ORDER FROM APTRANSCO AS WORKS CONTRACT NOW XXX PLACED AN ORDER TO YYY THAT TO SUPPLY 50% OF THE MATERIAL IN ORDER. NOW WHAT IS THE SALES TAX RATE HAVE TO CHARGE BY YYY TO XXX. NOW MY DOUGHT IS YYY IS NOT SUPPLING THE GOODS TO APTRANSCO, HE CANT CHARGE 4%, IF POSSIBLE PLEASE TELL ME THT HOW CAN HE .
