Excess payment
This query is : Resolved
13 September 2012
IF A BUSINESS MAN HAS PAID EXCESS AMT OF VAT ... SHOULD THE EXCESS AMT BE DEBITED TO P&L???? IF NOT THAN WHAT WILL WE DO OF THE EXCESS AMOUNT???
PLZ CLEAR IT
THANK U
PLZ CLEAR IT
THANK U
13 September 2012
hi priyansh,
there is VAT receivable and payable,it depends which method u following whether inclusive or exclusive method
2. if you pay more VAT than required you must be clear what r u asking,say you have VAT input of 10k and u asjust 5k on output,then 5k is shown in asset side
there is VAT receivable and payable,it depends which method u following whether inclusive or exclusive method
2. if you pay more VAT than required you must be clear what r u asking,say you have VAT input of 10k and u asjust 5k on output,then 5k is shown in asset side
13 September 2012
I got it sir
THANK U VERY MUCH FOR HELP
THANK U VERY MUCH FOR HELP
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
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- TDS 194R on GST effected
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
