Interested to Buy Any Domain ? << Click Here >> for more details...
Any body give journal entry for this
PURCHASEA/C DR 500
S.TAX 50.0
SUNDRY CREDITOR 450.00
AND
Which amount i taken in purchase ledger
and which amount i taken in s.Tax ledger
and which amount i taken in sundry creditors ledger
wat are the details i require to maintain with regard to
submitting of s.Tax return
- 3 Answers
- 5005 Views
- I also Faced
- E-Mail Answers
Answer Posted / jagdish adhav
You had purchased for Rs. 500.
Purchase Amt - 450
S.Tax 50
-------------------
Total - 500 (Sundry Creditor)
=======================================
If, my thinking is correct, then the entry will
Purchase A/c. Dr. 450
S.Tax A/c. Dr. 50
To. Sundry Creditor A/c Cr. 500
(S.tax debited because you are going to claim set off of S. Tax. otherwise total amount will debited to Purchase Account)
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?
what is vat adjustmant?
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
If A manpower supplier bills to a acompany for rs.100000 for pure labour supply what entry will be done in terms of reverse charges.
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?
for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.
Should WCT deduct on Invoice where VAT charged but service tax not charged as service tax is not applicable to concern vendor (vendor gross income under 10Lacs)?
what is WCT rate in chhattisgarh
How to calculate excise duty on mobile products?
how to modify 12% to 13.5% in tallyerp9 release 1.6
