dhiraj pandey (pwd) (28 Points)
24 September 2014please tell me how to pass entries in a properitorship shop which dals in sales of computer parts & accesories through online sites like snapdeal. and it transfers amount by neft after collecting though customer and by deducting its merchant cut.. please provide me entries regarding sales and vat and receipts.
CA Aditya Shah
(Chartered Accountant Entrepreneur Ex Ernst & Young)
(1908 Points)
Replied 25 September 2014
Hey,
You can use the link below for your reference.
/articles/taxation-entries-for-vat-excise-service-tax-and-tds-18701.asp#.VCRZUPmSyCc
Regards,
vineet kumar
(Student CA IPC / IPCC)
(85 Points)
Replied 06 October 2014
Dear dheerj pandey
i provide accounting entries for on line sales.
CASH A/C DR (Gross amt.)
TO SALES A/C
TO VAT A\C
TO COMMISSION
(being sales made)
Regard
vineet kumar
7770010353
Siddu Reddy
(Accountant)
(69 Points)
Replied 23 February 2016
Dear Vineet kumar
What about TDS on commission and we have no control on commision since he has the control on payment
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
