Easy Office
Easy Office

vat set off against sales tax payable

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 July 2008 can we take vat setoff against sales tax payable amount in excess and show the sales tax ledger with debit balance in books of account.
Profile Image

CA Hemant T Dewani

Profile Image

CA Hemant T Dewani (Expert)
08 July 2008 when you purchase goods for sales then vat is paid & you sold materials then tax is collected difference of both are tax payble or refundable then you will setoff the same

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links