Accounting for invoices containing vat and service charges.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2012
Dear All,
I have received a tax invoice containing both vat and service charges than it entry should be created in tally through Journal entry or Purchase entry.
Pls. advice.
Regards,
Amit
I have received a tax invoice containing both vat and service charges than it entry should be created in tally through Journal entry or Purchase entry.
Pls. advice.
Regards,
Amit
01 November 2012
Dear Amit,,
As i understood from your query ..if you have received invoice against any your purchase in which both vat and service charge than enter invoice under purchase voucher by taking vat credit.
and if it is against any expenditure like hotel, food bill then enter under journal or payment voucher.
As i understood from your query ..if you have received invoice against any your purchase in which both vat and service charge than enter invoice under purchase voucher by taking vat credit.
and if it is against any expenditure like hotel, food bill then enter under journal or payment voucher.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2012
Thanks a lot sir
14 November 2012
The expert is correct but keep a separate account for VAT ass you can adjust VAP paid with VAT collected and you can pay the balance or the excess can be carried forward
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