VAT RETURN
This query is : Open
06 July 2009
on 30th June 09 I have passed following Entry-
Professiona Charges A/c Dr. 20000
To Exp. Payable A/c 20000
On 1st July 09 I have passed following Entry-
Exp. Payble a/c Dr. 20000
To Professional Charges 20000
On 15th July I have passed following entry-
Professional Charges A/c Dr. 20000
To Cash/Bank/Party 20000
Kindly confirm me at which time I have to deduct TDS on 30th June or 15th July.
Thanks
Professiona Charges A/c Dr. 20000
To Exp. Payable A/c 20000
On 1st July 09 I have passed following Entry-
Exp. Payble a/c Dr. 20000
To Professional Charges 20000
On 15th July I have passed following entry-
Professional Charges A/c Dr. 20000
To Cash/Bank/Party 20000
Kindly confirm me at which time I have to deduct TDS on 30th June or 15th July.
Thanks
06 July 2009
ONE OF MY CLIENT IN NOIDA GOT HIS REGISTRATION OF VAT IN APRIL 2008.
AFTER OBTAINING REGISTRATION HE DID NOT FILE HIS VAT RETURN.
NOW HE HAS TO PURCHASE SOME MACHINES FROM INTERSTATE HE NEED FORM 38 ( IT LIKE A PEMIT TO GET GOODS ENTD FROM OTHER STATE).
WHAT SHOULD WE DO NOW.
SHOULD WE FILE ALL THE RETURN NOW.
IF I FILE ALL THE RETURN NOW WHAT WILL HAPPEN.
AFTER OBTAINING REGISTRATION HE DID NOT FILE HIS VAT RETURN.
NOW HE HAS TO PURCHASE SOME MACHINES FROM INTERSTATE HE NEED FORM 38 ( IT LIKE A PEMIT TO GET GOODS ENTD FROM OTHER STATE).
WHAT SHOULD WE DO NOW.
SHOULD WE FILE ALL THE RETURN NOW.
IF I FILE ALL THE RETURN NOW WHAT WILL HAPPEN.
06 July 2009
Hi,
You have to deduct the tax on 30th june.
You have to deduct the tax on 30th june.
06 July 2009
Hi,
Tds is to be deducted payment or credit of bill party whichever is earlier. Now you have to deduct TDS on 30th June. and You have to pay professional charges by following entry :
Expense payable Dr.20000
to Cash 20000/-
You need not to reverse expenses payable and then paid direct expenses.
It is better to pay expense through expenses payable.
Tds is to be deducted payment or credit of bill party whichever is earlier. Now you have to deduct TDS on 30th June. and You have to pay professional charges by following entry :
Expense payable Dr.20000
to Cash 20000/-
You need not to reverse expenses payable and then paid direct expenses.
It is better to pay expense through expenses payable.
06 July 2009
Deduct TDS on 30.06... bcoz tds is deducted on credit or payment whichever is earlier & the said tds is to be deposited on or before 07.07...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
