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VAT

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 March 2010 SUPPOSE OUTPUT TAX 3000
& INPUT TAX 1500. IN THIS CASE SIR VAT PAYABLE.

OUTPUT VAT A/C DR. 3000
TO INPUT VAT 1500
TO vAT PAYABLE 1500
SIR IS THIS ENTRY IS CORRECT. IF WRONG THAN SIR PLZ RIGHT ENTRY TELL ME.THANKS IN ADVANCE.
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Amit Bajaj

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Amit Bajaj (Expert)
24 March 2010 its right
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
27 March 2010 agreed
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
28 March 2010 yes above said entry is correct

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