Purchase entry in tally
Yasir (article assistant ) (470 Points)
03 April 2021
what is the purchase entry of liquor and wine purchase with excise and tcs
7 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 03 April 2021
Purchases a/c
excise & tcs a/c
To Creditor a/c
that shuld be entered in purchases voucher
creditor a/c
To excise & tcs a/c
To Bank a/c
this will be in payments voucher when payment is met
Yasir
(article assistant )
(470 Points)
Replied 03 April 2021
What is the group of tcs and excise and tcs in tally
amit kadam
(a)
(78 Points)
Replied 03 April 2021
TCS Collected From Seller is Under Head of Current Asset or Capital Account.
Sonu Kumar
(Account Manager)
(665 Points)
Replied 03 April 2021
If you have Purchase wine Bottle for Re-sale to Consumer
Purchase Ac - Dr
Creditor Acc - Cr.
Becoz we will not get input credit of Excise Duty.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 03 April 2021
For further clarity please go through this link: https://help.tallysolutions.com/article/Tally.ERP9/Tax_India/excise-dealer/ed-purchase.htm
Mondru Balaraju
(2 Points)
Replied 20 November 2024
What is mrp rounding off accounting treatment and excise turnover tax treatment in tally of wine shops
Recent Topics
- Https://www.facebook.com/nuleaforganicscbdgummies/
- FY 2025-26 TDS Rates For Companies
- Commercial property; claim GST paid on property in
- Business Valuation Report: A Practical Guide for F
- Automating Tally Reporting for Enterprises –
- STCG Income as Business Income ?
- Form 26QC - Amended TDS rates
- Insurance loss assessment
- Tds on last financial year payment
- Property Possession Related ITR Disclosure
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
