Answer / aniruddha

refund of s tax / I Tax

Bank a/c .........DR
TO sales tax refund ? IT Refund A/c
TO Int on IT Refund (if any)

Answer / r.rajesh

Refund for Sales TAx
Cr Input Tax 4% (or) 12.5% - 12000.00
DR bank 12000.00

Refund for InCome Tax

Cr TDS Receiveable 12000
CR Bank 12336.00
CR Interest Recd 336.00

Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

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