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Pass a entry for purchase a material for Rs. 2000 inclusive
of VAT @ 4% on Rs. 1500 & @12.5% on Rs. 500 with narration
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Answer Posted / yash
( if Cash Purchase)
Net Purchase 4% 1442
VAT 4% 58
Net Purchase 12.5% 444
Vat 12.5% 56
Cash 2000
( Being cash purchases)
( if credit purchase)
Net Purchase 4% 1442
VAT 4% 58
Net Purchase 12.5% 444
Vat 12.5% 56
Party A/c. 2000
( Being ... purchase of material on credit)
Party A/c. 2000
Cash/Bank A/c 2000
(Being paid ch. / cash )
| Is This Answer Correct ? | 31 Yes | 2 No |
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I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL
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