sandeepverma (don't make exuse for study) (304 Points)
05 January 2011can any body suggest me how we pass entry sale of old machine in tally with effect will show in vat return becz of them we are liable to pay tax on this sale so we need to show this effect also in Vat Return
for ex:- we sale a old machinery on25000.00 and also charges VAT 4 % sale amt is 26000 please help me
Prakash
(Professional)
(211 Points)
Replied 05 January 2011
Debit - Customer a/c 26000
Credit - machinery a/c 25000
credit - Output VAT a/c 2000
Pls Note That.
Output VAT a/c - confugure it USED FOR VAT RETURN - YES
Machinery s/c - confugure it USED FOR VAT RETURN - YES
RADHESHYAM
(SERVICE )
(29 Points)
Replied 06 January 2011
Sir,
in tally 9.2 how entry pass excise duty PLA A/C. , RG23A , RG23C EX. PLA AMT. 84895, RG23A 77629 & RG23C 342351 TOTAL DUTY 504875, PLEASE ADVISE .
THANKING YOU,
REGARDS
RADHESHYAM
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 06 January 2011
agree with mr prakash
SUNNY
(CA Final & CS Professional)
(327 Points)
Replied 06 January 2011
please tell me:-
i have a client who is service provider.
but he sale its computer which is more than Rs 10lacs to its related company whether
my client is required to registered itself in VAT.
Prakash
(Professional)
(211 Points)
Replied 06 January 2011
Dear RADHESHYAM,
For Implementation of Excise, TDS and VAT in Tally you will need to Configure Setting (Statutory Details), all accounts and stock items. Explaining it in detail is not practically fisible.
However I am attaching some Tally help files. Please refer those in detail.
The files are of Tally erp-9 but the configuration is also applicable to Tally 9.2 or lower versions.
Still if you find any difficulty feel free to revert back.
Regards,
Prakash
CAclubindia
