Accounts
This query is : Resolved
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
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
