we are registerd dealer in delhi we are purchase some goods
from unregisterd dealer pls. suggest me what type entry in
my book for records . all pur. in cash
Answers were Sorted based on User's Feedback
Answer / venkatesh
DEAR SIR,
YOUR A REGISTER DEALER
BUT YOU HAVE PURCHASE FROM U/D
SO TAX WILL NOT COME BUT PURCHASE AND SALES YOU HAVE TO
SHOW THE RETURNS AND INPUT CREDIT NOT AVAILBLE TO YOU
FOR EXP. ENTRY.
PURCHASE GOODS UN /DEALER A/C DR 50000/-
TO SUNDRY CREDITORS A/C 50000/-
(BEING PURCHASE FROM U/D VIDE IN.NO. XX DT XXX)
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sandeep
dear,
if u r purchasing cash from unregistered dealers then you
should direct debit the relevant purchase account. in such
case you are not eligible to avail the benefit of input tax
credit. Also make sure that no payment of Rs. 20000/- to a
single person in a day is made.
Is This Answer Correct ? | 0 Yes | 0 No |
what is cost taxation
What is difference between Gross salay and CTC?
service tax
pls define central sales tax , how will show in invoice a cst rate on interstate sales with-out c -form and against c form . clear it
What are the relevent Scetions of Income Tax Act India, under which amount for TDS diductin ( on Services Invoices ) is calculated ? and which are important Cases of HC/SC regarding TDS on Service Tax Portion?
what is meant by dearness allowance?
Which Schedule must prepared with Balance Sheet as a supporting documents. breifly explain? like depriciation,debotrs,creditors
Please tell me who is lible to pay service tax - give category & limit turnover
What is a service tax?.How to pay the service tax return?
we are in process of setting up a manufacturing unit in karnataka. can we procure cement from andhrapradesh by issuing c form
If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.
is there in india the rate of work contract are same in all states if now what are the statewise rate