Sale invoice
This query is : Resolved
24 April 2012
Dear Sir,
I am raised a sale Invoice with loading & Packing charges as per below.
Party Dr. 10500
To Sale@5% 10000 (Inculiding Loading & Packing Charges)
To Vat Output@5% 500
Pls confirm this is right or not.
I am raised a sale Invoice with loading & Packing charges as per below.
Party Dr. 10500
To Sale@5% 10000 (Inculiding Loading & Packing Charges)
To Vat Output@5% 500
Pls confirm this is right or not.
24 April 2012
there are many persons who are charging vat on direct expense and others are not charging but they include expense after calculation of vat
its a matter of practice and business terms
there is no problem in it both is correct
including expense will raised output vat addition otherwise there is not difference in preparing pattern
its a matter of practice and business terms
there is no problem in it both is correct
including expense will raised output vat addition otherwise there is not difference in preparing pattern
24 April 2012
dear Sir,
Can i charge loading & packing charges after calculation of vat under expenditure head.
Can i charge loading & packing charges after calculation of vat under expenditure head.
24 April 2012
yes you can,
24 April 2012
One vendor supply many items (Electronics, paints,computer parts, electricals items, auto spare parts etc.) then how can maintain Inventory. Is it Inventory is must or not.
One another question that he do works of reparing so how can do treatement, can we cut a bill in sale invoice.
One another question that he do works of reparing so how can do treatement, can we cut a bill in sale invoice.
24 April 2012
inventory maintain is mandatory in case of regular scheme and how can you valuate closing stock without maintaining it ?
if you a retailer & having composition scheme under vat then you don't need to maintain stock but you have to deemed you profit and according to it you need to prepare invoice
regular scheme there is a format which is used to give stock in hand as the end of month
if you a retailer & having composition scheme under vat then you don't need to maintain stock but you have to deemed you profit and according to it you need to prepare invoice
regular scheme there is a format which is used to give stock in hand as the end of month
24 April 2012
One another question that he do works of reparing so how can do treatement, can we cut a bill in sale invoice.
24 April 2012
there are two difference of repairing expense
1, when purchase repairing or maintenance happens
2, only repairing happens
for first option you can add repairing charge or use separate invoice for repairing both is acceptable
second option you have to use separate bill book for it
1, when purchase repairing or maintenance happens
2, only repairing happens
for first option you can add repairing charge or use separate invoice for repairing both is acceptable
second option you have to use separate bill book for it
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- NRE Interest Income applicability
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Query regarding TDS on EPFO Higher Pension Arrears*
- 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
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
