Tax adjustemnts
This query is : Open
19 July 2013
Hi,
May i know the payment entries of TDS payable, Service tax payable and VAT payable, when there is a input Tax (TDS,Service TAX and VAT) and output Tax(TDS,Service TAX and VAT) in a company.
And how i can set off the payments payable tax with input tax.
Am getting trouble when am giving the entries in Tally for the payment of tax.
Thanks in Advance.
May i know the payment entries of TDS payable, Service tax payable and VAT payable, when there is a input Tax (TDS,Service TAX and VAT) and output Tax(TDS,Service TAX and VAT) in a company.
And how i can set off the payments payable tax with input tax.
Am getting trouble when am giving the entries in Tally for the payment of tax.
Thanks in Advance.
19 July 2013
first is input TDS cant be adjust against output TDS.
only indirect taxes service tax, VAT can be adjusted.
entry will be :-
for VAT
say you made sale:-
then output VAT
you made purchase:-
then input VAT
balance is VAT payable pass journal.
and payment:-
VAT payable to bank.
only indirect taxes service tax, VAT can be adjusted.
entry will be :-
for VAT
say you made sale:-
then output VAT
you made purchase:-
then input VAT
balance is VAT payable pass journal.
and payment:-
VAT payable to bank.
19 July 2013
Thanks Ayush,
Can you pl tell about Service Tax Input And output,payment of Service tax. What is CENVAT Credit Input.
How we can set off the input service tax with output St.
Can you pl tell about Service Tax Input And output,payment of Service tax. What is CENVAT Credit Input.
How we can set off the input service tax with output St.
19 July 2013
by simply passing a journal entry.
19 July 2013
What Is the JV and Could you pl tell about CENTVAT Credit INPUT?
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