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what are journal entry of vat in sale transaction with
example.
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Answer / atul pandey
The journal Entry of Sales transaction of vat is
Party A/c DR...
To Vat A/c
To Sales A/c
For E.g suppose A company X made a sale of 10000 to Company
z and there is a amount of Vat 5 percent in it. so the
entry made in X A/c is
Z A/c DR......... 10000
To Vat A/c .........477
To Sales A/c .......9523
| Is This Answer Correct ? | 23 Yes | 6 No |
Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com
when re ordring quantity is 300 unit.minimum usage is 20unit minimum lead time is 5 days , maximum stock 400 unit , re - ordering will be: 1)300 unit 2)200 unit 3)400 unit 4)100 unit
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