Sales tax payble
This query is : Resolved
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.
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...
transfer all vat payable into vat receivable as u usually does...
automatically receivable will b standing there with the balance amount na...
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
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
23 July 2025
https://docs.google.com/document/d/1HAqyRs56qiBfYgtZmdOulwphzrSCf5mEOqqjKFZneHM/edit?usp=sharing
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
