Answer / 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.

Answer / francis

Personal ledger account

if tiny payment made for computer parts or computer purchase or computer maintainance then how much TDS to be deducted. whether computer maintainance to be considered as contract & tax to be deducted (TDS) from the payment

3 Answers  

---

Correct Journal Entry of PF & ESI

1 Answers   SSC,

---

HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE

0 Answers   Bharat Seats,

---

What should be the TDS Deduction for technical consultancy received from Malta to an Indian Company

2 Answers  

---

Explain the Calculation of Sales Tax?

0 Answers   Cognizant, Petron ltd,

---

what is the SAT?

1 Answers  

---

in the credit note vat amount is in vat on sale but next step whitch vat class is applicable input vat or out put vat ?

1 Answers  

---

When we have to pay purchase tax

5 Answers   Samsung,

---

when i worked finalisation of a firm during 2006-07under kerala vat act in 23-9-06 there is a advancesales tax RS 2170 paid by firm and inthe same month vatpayable is rS.5201 the advance tax is deducted from vatpayable that is 5201-2170=3031 is the vat payable during the month. what are the entries passed in computerised accounting during finalisation in this case please explain

1 Answers  

---

what is the rate of VAT in differnt items for example metals, wine, garments, foods, electonics, medicine

5 Answers  

---

What are the capital gains exempt from Tax?

2 Answers  

---

what is WCT rate in chhattisgarh

0 Answers   FD, MBD,

---