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Sales tax payble

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(Querist)
03 April 2015 If our purchase vat is more than sales vat then how to make entry in tally if our sales tax payable negative.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
03 April 2015 it would b in vat receivable a.c

transfer all vat payable into vat receivable as u usually does...

automatically receivable will b standing there with the balance amount na...
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irfan

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irfan (Querist)
03 April 2015
VAT RETURN 2014-2015
1ST AUG TO 31ST AUG
SALES
RATE NET TAX TOTAL
12.50% 126,641.00 15,830.13 142,471.13
CST 2% 55,223.00 1,104.46 56,327.46
4% - 0 -
Repair 0
Fright - -

181,864.00 15,830.13 198,798.59
PURCHASE

RATE NET TAX TOTAL
Purchase 12.5% 304,274.49 38,034.31 342,308.80
Purchase 5% 236,989.80 11,849.49 248,839.29
Comp.stationary 5% 4,357.14 217.86 4,575.00
LABOUR PAID - 0 -
URD PURCHASE 58,476.00 0 58,476.00
Transport - - 0.00
604,097.43 50,101.66 654,199.09
Last Year Set Off C/d -
VAT COLLECTED 15,830.13
VAT Set Off 50,101.66
TOTAL VAT PAID (34,271.53)
-
TOTAL PAYABLE (34,271.53)

how to do entry in tally
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
23 July 2025 https://docs.google.com/document/d/1HAqyRs56qiBfYgtZmdOulwphzrSCf5mEOqqjKFZneHM/edit?usp=sharing
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