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can we post input taxes during the making of down payment
to vendors ex: down payment to vendor is 100000 on this the
input tax is 10000 so we have to pay only 90000 for
calculating like this what procdure we have to do kindly
explain any one

Answer Posted / g s vijay

Party Account Spl Gl Account (A) A/c Dr 1,00,000

To TDS 10,000

To Bank 90,000

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