cretion of ledgers

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vinod (Querist)
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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.

Prakash Jasani

Prakash Jasani (Expert)
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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

vinod

vinod (Querist)
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11 October 2009 No doubt.

Thank You Sir,

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