CA.kaya (Chartered accountant) (3990 Points)
16 June 2011hey frds...i have a quest. plz ans me
in purchase bill its given
recharge vouchers 5000
service tax (say) 500
total 5500
now how much is to be entered in books of account under the head "purchase exempt" and
how much to be shown in vat returns?
it is to be entered as purchase of goods or service?
CA,CMA,CS Karan Gogia
(Employed)
(230 Points)
Replied 22 June 2011
recharge voucher shud be debited in mobile exp a/c..assumin it is for office...if it is personal exp of proprietor then debit it in capital a/c....
nothing in VAT return...
u cna take credit of service tax..if it is for office use....
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 22 June 2011
| Originally posted by : CA,CMA,CS Karan Gogia | ||
 |
recharge voucher shud be debited in mobile exp a/c..assumin it is for office...if it is personal exp of proprietor then debit it in capital a/c.... nothing in VAT return... u cna take credit of service tax..if it is for office use.... |
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VAISHALI
(ACCOUNT EXECUTIVE)
(31 Points)
Replied 23 June 2011
What is the current limit for VAT Registration? Rs.5laces of Rs.10Laces?
please guide with Notification if any!
CAclubindia
