Recently we take project from company X and at the time of payment made by company X he deduct TDS from bill but how this entry made our ledger tally

Hai,

we are now entering central excise, (manufacturing unit), we billed as follow

assessable value - 100
excise duty - 12.5
total - 112.5
vat@5% - 5.625
nett total - 118.125

in this we calculate the amount for sales tax return (assessablve vale + excise), but at the time of posting in tally - it takes only assessable value only - kindly advice me in this regards

waiting for your reply

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we sold 1 machine which we had purchased from a registered dealer out of maharashtra and modified a bit and sold it to the client. we charged 12.5% vat to the client on our gross amount. i want to clarify 1 thing - the device which we purchased from the registered dealer , who will charge the cst and vat on it? will he charge it in his bill? normally the buyer will issue c form so. and also when we sell it to our client out of maharashtra then do we have to charge cst and vat both on gross amount ?

sir
My car got an accident and i sold it. i also received insurace claim. my car was sold in 1st half of year but i received inscurance claim in second half as claim was cleared in 1st half but recived in second half. how to calculate depreciation. (Toal less sales value less insurance claim)in first half and charged @ 15% or some other????? please reply soon

Please answer my query considering me as newbie who has only 1-2 days of SAP exposure.

For simplicity Iam writing my query in journal entries-

on 31-03-2014
Audit fees
To Audit fees payable

on 15-4-2014
1. Audit fees
To vendor
2. Vendor
To Bank

Now Audit fees payable is appearing in 14-15 trial balance.
For cancel this entry should be-
Audit fees Payable
To Audit fees

As I know for passing entry through FB50, I have to give posting date as the same date of booking the expense previously.(in this case 31.3.2014)

So wouldn't this entry will lead to mismatch of balances of year 2013-14.
And
Is it allowed in SAP to pass entry in the previous year date?