What will be general entry for VAT or Sales Tax paid to
government in cash for an Financial year?



What will be general entry for VAT or Sales Tax paid to government in cash for an Financial year?..

Answer / nagachandra pattar

There is no need to open Government (Sales Tax Dept)A/c in
your books.
The entry was:
VAT Payble A/c Dr ***
To Cash/Bank A/c ***
(Being Sales Tax paid for xxxmonth-10)

Is This Answer Correct ?    9 Yes 0 No

Post New Answer

More Taxation Interview Questions

what is the direct or indirect tax,types of direct or indirect tax.rates of various taxes 2008-09,procedure of taxes. form of various taxes.when the taxes is filled?

0 Answers  


input vat and out put vat how it shows in profit and loss account

2 Answers  


our Consinor Vat rate @14.5%(revised rate) In pujab , is the same rate applicable in A.P. Ex:I have billed 10 auto tubes each @ 120/- = 10*120=1200 + vat 14.5% = 174 total bill value Rs.1374/-...can we collect 14.5% vat or 12.5%(in A.P.) vat from customer..

2 Answers  


What is the procedures for withdrawing of form C?

0 Answers   Bhel, Mamta Engineering, Pharma,


what is fillup form when company issue c form

0 Answers  






Rate of TDS On Contractor for advertisement exp.

14 Answers   Atlantic BPO, DNX, Gem Granites, JM Baxi, Pradipkumar Pharma, TCS,


What slab of Income Tax on till date.How many limit of investment for Indvidual.

2 Answers  


how i get h form

0 Answers  


Timings / Months when the advance tax shud be paid For MNCs?

0 Answers  


We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?

3 Answers  


we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format

1 Answers  


what are the items on which excise duty is applicable??? does it have something to do with the turnover of the manufacturing..??

2 Answers  


Categories