Author : Anonymous
( Author )
15 June 2012
Kindly help me out.
My question is, we are registered dealer in Banglore under composition scheme.
So our consultant have calculated COT amount like this:-
1. Turnover (incl of tax)= Gross turnover-Payment to subcontractor
2. COT=Taxable turnover x 4%
My problem is how to adjust the entries in tally
Kindly give your valuable suggestion if any