Where show the sales return of exciseable goods?
- 2 Answers
- 5086 Views
- AG Industries, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 5 Yes | 1 No |
How to reconcile a Vendor who is a supplier as well as a Contractor?
Can we sale materials to interstate unregister dealer
I have working with Rs.180000/- I want fill up itr 1st time What is process.
Please tell me the process of generation of TDS in Tally ERP-9 with an Example
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?
what is process of the TDS deduction?
please explaine excise ruturn forms like er-1,er-2,er-3 etc?
what is the tax rate or tax slab for the companies for AY 2009-10?
EXPLAIN ABOUT TDS?
is tds applicable on octroi charges?
What is MAt
Audit 
