Tally enterty
This query is : Resolved
09 May 2011
Good Evening to all CA Club Members
Sir, I purchase a machine against “C” form. I don’t understand what entry I pass in tally. So please guide me about what entry should be pass in tally with the ledger and group and also guide me where we show in the sale tax return.
Sir, I purchase a machine against “C” form. I don’t understand what entry I pass in tally. So please guide me about what entry should be pass in tally with the ledger and group and also guide me where we show in the sale tax return.
sanjeev bhardwaj
(Expert)
09 May 2011
For purchase of machinery you would pass entry:
Machinery a/c Dr. (Fixed Assets)
To Vendor a/c (Current Liabilities)
However if this machinery is to be used in manufacturing then you will have to issue 'C form' to this vendor then you have to give him the 'C form' that will be purchase price of machinery less CST. So for this purpose if you wish, you can make separte ledger for 'CST' and pass following entry:
Machinery a/c Dr. (Fixed Assets)
CST a/c Dr. (Fixed Assets)
To Vendor a/c (Current Liabilities)
In sales tax return, it would be shown under 'Purchase of capital Assets'.
Machinery a/c Dr. (Fixed Assets)
To Vendor a/c (Current Liabilities)
However if this machinery is to be used in manufacturing then you will have to issue 'C form' to this vendor then you have to give him the 'C form' that will be purchase price of machinery less CST. So for this purpose if you wish, you can make separte ledger for 'CST' and pass following entry:
Machinery a/c Dr. (Fixed Assets)
CST a/c Dr. (Fixed Assets)
To Vendor a/c (Current Liabilities)
In sales tax return, it would be shown under 'Purchase of capital Assets'.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- 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?
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
