Accounts of a proprietor company

Page no : 4

Raminder Singh Sandhu (Proprietor) (52 Points)
Replied 06 October 2015

Please tell me the VAT %age for computers in Punjab.

Upgrade to CAclubindia Pro. Subscribe Now!

CMA Poornima Madhava (CMA) (13102 Points)
Replied 07 October 2015

I don't know much about Punjab VAT. But as per Punjab VAT website, it is 5.5%.

Here is the link (refer schedule B): https://www.pextax.com/PEXWAR/appmanager/pexportal/PunjabExcise?_nfpb=true&_pageLabel=PunjabExcise_portal_page_100#wlp_PunjabExcise_portal_page_100

1 Like

Jishnu Surendran (Finance Manager) (312 Points)
Replied 08 October 2015

I suggest cost centres instead of creating separate ledger accounts ! If you really think your firm will expand in future, you better gotta be careful. Presently, consider entering such details in MS Excel, but you really need an application specifically built for educational institutions. I am employed as the Asst. Finance Manager of a huge educational institution. If you have any doubts you can 'private message' me. I am an expert in Tally.erp and MS Excel.