Interested to Buy Any Domain ? << Click Here >> for more details...
vat amount payable in financial year 2010-2011 Rs. 25000.00
but we paid Rs. 35000.00. This exces payment will be
carried in next financial year?
- 3 Answers
- 7513 Views
- Genpact, MSEB, I also Faced
- E-Mail Answers
Answer Posted / 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
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what is the difference between tds tax code and tds tax type in sap fi
In our bodyshop wct tax is 13.05% on the whole Labour charges( including opening fitting ,repairing ,painting. Is this justified?
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 person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
What is export under ribet notification number
what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent
sub hadding no. scrap & Wastage in corrugated box
kindly advise me any set off in excise duty in maharashtra
I have working with Rs.180000/- I want fill up itr 1st time What is process.
how to calculated all taxes their information in details
What is meant by asset clearance . how should i make my entries in tally
how can I know the status of the service tax filing of my organisation when I don't have any details except St number. I want to know till what date the returns are filed etc as I have recently joined.
HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
what is period VAT revised return can be filed?
