Answer / sreenivasulu

the excess amount paid towards VAT (i.e.10000) can carry forward to next financial year. But, while paying the VAT in the year 2011-2012 the excess amount is to be written-off from the amount payable towards VAT.

Answer / devender kumar

Yes this excess amount will be adjusted against current
financial year Vat payable.

for example: vat payable for current year is 20000. then
entry will be

vat payable Ac dr 20000-10000(10000)
To bank ac cr 10000

Answer / govinda mahato

The excess amount paid of Rs. 10000/- will be carried forward
in the next year and can be adjusted with that year Vat
payable amount.

what is tax rate for Companies for the Assessment year 2009-10?

3 Answers  

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1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.

0 Answers  

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0 Answers  

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What is excise duty

4 Answers  

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Is Govt staff also paying taxes in India

1 Answers  

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what is the different between CST , VAT, and Excise Duty ?

3 Answers   Dabur,

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Wat is HRA? How it caculated?

2 Answers  

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kindly advise me any set off in excise duty in maharashtra

0 Answers   Kanakia Group, Marvel Abrasive Tools,

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Wat is capitalgains?

1 Answers  

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I WANT FULL DETIAL FOR TDS I AM NEW JOING THE GOLD COMPANY I WAN TO PAY TDS BUT I KNO WHAT IS THE TDS PLEASE SEND ANS FOR FULL DETAILS HOW TO PAY, AND WHAT A/C PAY TDS ALL DETAILS I WANT PLEASE SEND THE DETAILS.

1 Answers  

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What is process CST & Custom Duty Handle in tally Erp 9, with example.

0 Answers   DIIT,

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Is here any change in excise duty in respect of supply of goods required for MSPGCL,i.e. Rs.10.30 % instead of 8.24 %.

1 Answers  

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