matter of entry in tally

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This query is : Resolved

Guest

Guest (Querist)

30 December 2010 good morning to all expert,
plz tell me the vat refund entry in tally erp.9
the detail is as follows
sale vat 13.5%-11543
cst - 661057
input vat 585829
input vat 13.5 30550

now sir my total vat refund is 604836
now sir when i adjust cst 661057
than total vat refund is 56220
now sir plz tell me vat adjustment entry

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

30 December 2010 CST cannot be adjusted with VAT input

Entry can be passed through J.V

Dr: Sales VAT -13.50 % - 11543
Cr: Input Vat -11543

Balance will be your legder balance of Inout vat account

Guest

Guest (Querist)

30 December 2010

sale vat 13.5 dr. 11543
cst dr. 661057
vat refundable dr. 604836
input vat 2% cr. 585829
input vat 4.5% cr. 30550
payable cst 661057

above entry is vat refund entry

2 payable cst dr. 661057
vat refundable cr. 604836
above entry is cst adjust in vat refund

than show vat refund balance after cst adjust 56220

now plz tell me both entry is right

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

30 December 2010 1st entry is ok,

2nd entry again you are trying to adjust the VAT refund with CST payable, it is not possible

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