milind shrikant deoghare (service/ student ) (1299 Points)
15 April 2016dear sir
How to pass Entry for vat input is disallowed in vat return
regards
milind
james
(Accounts officer)
(57 Points)
Replied 18 April 2016
You should create a ledger Vat EXPENSES under P&L Account then pass the following entry for this
one for transfer of input which has been disallowed .
Vat Input A/c Dr
To VAt Out put A/c
Payment for liabilty entry ( Cash or Credit)
Vat Out put a/c Dr
To Cash/bank or Vat Input
Transfer of vat input to Vat Expenses
Vat Expenses Dr
To Vat Input A/c
CAclubindia
