rohit makin (student) (32 Points)
19 July 2010
Dear Freinds,
I wanted help from you"ll, I have made a Purchase Return for a material having VAT, in such a scenario how do I revert back VAT during the purchase return in the system.
Similarly in place of VAT ,if the material carries CST , than how do I revert it in the system.
Regards,
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 19 July 2010
Dear Rohit
You just have to reversed the entry tht u have passed at the time of Purchases
the entry passed by you at the time of Purchases is
Purchases A/c Dr
Vat input / Vat A/c Dr
To Party A/c
now you just have to passed the reversed entry i.e.
Party A/c Dr
To Purchases Ac
To vat input / VAt A/c
vivek
(CA)
(74 Points)
Replied 31 July 2010
U have to pass the reverse entry exactly correct by Mr Sudhir above.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
