how to pass entry for VAT return adjustment entry?
- 12 Answers
- 34711 Views
- I also Faced
- E-Mail Answers
Answer Posted / subitha
1) when output vat is higher than input vat then entry will
be: output vat Dr.
Cess Payable Dr.
To input vat
To Cess Creditable
To vat Payable a/c
Note: amount of Vat Payable is (Output vat + Cess Payable) -
(Input vat +Cess Creditable)
but when input is higher than output vat :
Output vat Dr.
Cess Payable Dr.
Vat Receviable/refundable Dr.
To input vat
To Cess Creditable
Note : amount of Vat Receviable/refundable is (Input vat
+Cess Creditable) -(Output vat + Cess Payable)
| Is This Answer Correct ? | 11 Yes | 1 No |
Post New Answer View All Answers
anybody pls tell me about the service tax
how to filing rt-1
what to in pro
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee
How to calculate long term capital gain
what is cost taxation
What is the value of the Budget for 2009-10
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.
what is WCT rate in chhattisgarh
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
Hello! My annual salary is @ Rs.6,00,000/-. What would be the TDS applicable for me per annum/per month. I am also contributing to EPF @ Rs.9360/-.
Please tell me the rate of service tax of Transportation and the who is liable to deposit the Service Tax, the receiver of service or provider the service
