Any body give journal entry for this

PURCHASEA/C DR 500
S.TAX 50.0
SUNDRY CREDITOR 450.00
AND

Which amount i taken in purchase ledger
and which amount i taken in s.Tax ledger
and which amount i taken in sundry creditors ledger
wat are the details i require to maintain with regard to
submitting of s.Tax return

Answer Posted / neeraj goyal

If assessee claim than S.T. Then
Purchase 450
S.T. 50
To creditor. 500

If not claim of ST than
purchase. 500
To creditor 500

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the deductions under salary head? Name the items.

633


If i want to change a proprietor concern yo a partnership concern. do i have to pay full tax on every product i have in stock or just simple make a partnership deed and apply a new pan card and register in sale tax department ?

1602


due date for issue of C form, if c form is not issue what will be the consequences

3335


please tel me Karnataka vat,sale tax deposit from and return from

1945


in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?

1416






i wanna p.y tax assistant exam question paper Please send this as earlier as.

1643


Define the term person?

663


Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate

3152


when charges PURCHASE @ 12 % TAX RATE ?

1445


About vat, service tax, tds, cenvat

2710


what difference in motvat & cenvat? and why this prepared?

1786


what should be the research and methodology of business taxation?

1621


Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

1455


How to show reject material in ER1

1244


Explain long term capital gains and how is it different from short term capital gains?

653