Carriage expenses
This query is : Resolved
13 March 2015
Dear experts,whether carriage expenses on which vat input is taken should be booked under purchase or is it ok to show under direct expenses head.
13 March 2015
It is OK to show the same under Direct Expense head & take the VAT input. The only thing to be taken care of is the VAT input can be availed only against VAT invoice.
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13 March 2015
Sir, carriage inward on which vat is charged is grouped under the direct expense and Carriage inward on which vat is not charged also booked under the same .Problem arises while filing vat 100.
13 March 2015
You can get the columnar report of Carriage inward ledger in Excel & afterwards you can bifurcate the same under with & without VAT.
13 March 2015
ohhh,,,,got...Thank u
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