Accounts

This query is : Resolved

Yash Dave (Querist)
Follow

12 December 2012 i want to know how to do purchase accounting entry in tally 9 with the new local body tax has been applied for 1 july 2012 in maharshtra state as lbt is directly to be levied on gross bill amt i find diffcult to do the accounting entry for eg if bill is of rs 20,000/- then netvat 15,000 vat 5000 total is 20000/- on that lbt tax is 2% that is 400/- if i do entry like i am doing vat entry then my gross bill increase to 20,400/- which should not happen our bill should remain to 20,000/- and also lbt colum should reflect in tally purchase register other wise i i have to export purchase register in excel and the do lbt tax colum manually please advice

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

12 December 2012 Keep LBT in other than "purchase" group.
While taking print out of purchase register, you can customise the same by adding the column for LBT.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Shakthi

CA Satyen Sharma

madhuseshu yathirajam

Soumitra Patra

Vinod Patil

Subscribe Now

Accounts

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA