input vat and out put vat how it shows in profit and loss
account
Answer Posted / mohd rayees
The input vat and out put vat it not profit & loss
transaction it balance sheet transaction so it showing in
balance sheet. In balance sheet Dut tax(Tax Payabel)
showing in Laibility side incase of tax refund it showing
in asset side. Not showing in profit and loss A/C.
Answer Wright By Mr. Mohd Rayees(09908841874)
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
What is the difference between Indian and us taxation
which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?
Define the term person?
Define the term "Manufacturer"as introduced in finance act2010.
interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.
What is meant by asset clearance . how should i make my entries in tally
IF MATERIAL TRFD. TO OTHER STATE BRANCH AS STOCK TRFD. IN FEBRUARY AND MATERIAL IS RECEIVED BY BRANCH IN THE M/O MARCH. THAN SHOULD WE ISUE A SEPARATE F FORM FOR THE M/O FEBRUARY AND MARCH
What are the deductions under salary head? Name the items.
What items come under deferred tax liability?
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
Explain the procedure to calculate provident fund, esi, vat and sales tax.
how to calculate of FBT with example & what is Rate