L KANAGARAJ (Assistant Manager-Finance) (615 Points)
22 July 2008Sir/ Madam,
On the basis of 2007 budget reg. CST, One of our Vendor made Invoices charging CST @ 2% from 1st April'08.
During April'08 Govt. not given notification regarding changes in CST from 3 to 2%.
Now, Our vendor making Debit Note On us for the Difference of 1% (for CST 3%).
How, can we account it? Kindly guide me.
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14487 Points)
Replied 22 July 2008
it is comon mistake you can consider same debit note & make payment by bank. Entery as follow in current month.
Purchase central Dr. 123
Party Account Cr. 123
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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