Where show the sales return of exciseable goods?
- 2 Answers
- 5096 Views
- AG Industries, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
You can pass reverse entry for sales. But if you want to
show the sales returns separately, instead of debiting sales
a/c, debit sales returns a/c, when you receive the goods back.
Result of sales returns is Net sales will be reduced, Excise
& VAT/CST liability will be less. For Central Excise &
VAT/CST proper documentation needs to be maintained and
shown in the periodical returns filed with the concerned
department.
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
what is central excise tax
What is the value of the Budget for 2009-10
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
what should be the research and methodology of business taxation?
What are the deductions under salary head? Name the items.
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
What's format of CMO & CMA Data?
THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?
Who is an assessee?
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
80DD Dediction
I wanted to know about the taxes in haryana on Software Licenses ( Paper licenses). what is the % of service tax and VAT. and the both the taxes is charged on Base Amount or service tax is charged first and then VAT is calulated on the amount with Service TAX?
