accounting entry of interstate sale
This query is : Resolved
28 December 2008
we sold goods Inter state charging cst @2% to the customer . but if the customer fails to sent c form of aginst sale invice we raised debit note of 10.5% on it. that time we transfer the differnece amt of 10.5% to cst @ 12.5% and made intry as below party a/c dr. to sale cst@12.5% is it right ? where the diffrence amt treated in P & L?
28 December 2008
MY FRIEND AT FIRST TELL ME HOW DID YOU SELL GOODS WITHIN THE STATE & CHARGED CST
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