cretion of ledgers
This query is : Resolved
26 May 2009
Dear Sir,
Pl.guide me
i am working in foundry industries.I know excise but dont khow seles tax return.
i have purchase so meny items as follows please guide me creation ledgers as per sutaible for sales tax return.
1.Raw Materil 4% ,12.5%,3%
2.packing materil taxable
3.consumables
4.consubables taxable
5.Asset Like Machinery,Equipments office furnitury,computer,veical
6.elec.material for maintenence
7.hardware materil for maintenence
8.printing stationery
please give me some idea or chart of ledgers, with head .sutaible for sales tax return.
Regards,
Vinod.
Pl.guide me
i am working in foundry industries.I know excise but dont khow seles tax return.
i have purchase so meny items as follows please guide me creation ledgers as per sutaible for sales tax return.
1.Raw Materil 4% ,12.5%,3%
2.packing materil taxable
3.consumables
4.consubables taxable
5.Asset Like Machinery,Equipments office furnitury,computer,veical
6.elec.material for maintenence
7.hardware materil for maintenence
8.printing stationery
please give me some idea or chart of ledgers, with head .sutaible for sales tax return.
Regards,
Vinod.
Prakash Jasani
(Expert)
27 May 2009
According to me u create the ledger as per following:
If u paid vat on expenses then create the ledger %wise i.e. VAT 4%, VAT 8%, VAT 12.5%
If u paid vat on FA then create seprate ledger %wise i.e. VAT 4%FA, VAT 8% FA, VAT 12.5% FA.
This is the easiest way to control your VAT acount along with retuns
If u hv further doubt then tell me
If u paid vat on expenses then create the ledger %wise i.e. VAT 4%, VAT 8%, VAT 12.5%
If u paid vat on FA then create seprate ledger %wise i.e. VAT 4%FA, VAT 8% FA, VAT 12.5% FA.
This is the easiest way to control your VAT acount along with retuns
If u hv further doubt then tell me
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