Vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2014
what is vat reconciliation? and how to do this in excel sheet.please let me know with proper example
29 March 2014
as other reconciliation this is also a reconciliation.
you have to reconcile whether input credit shown in ur return is matched with your books for tax period, similarly ur output tax is also matching. also to check your opening & closing balance must be matched with books.
you have to reconcile whether input credit shown in ur return is matched with your books for tax period, similarly ur output tax is also matching. also to check your opening & closing balance must be matched with books.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2014
thank you so much for ur reply but please let me know by example if u can because i realy want to learn it,it rqr for me in new job so pls help me...
29 March 2014
for example one party invoiced u charging 100 Rs VAT and u accounted it in ur books , your return also must contain same.
Reconciliation is basically method to find out discrepancies between two statements, if any is there.
Reconciliation is basically method to find out discrepancies between two statements, if any is there.
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?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST Regis.
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
