Tally enterty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2011
Good Evening to all CA Club Members
sir, I received a tax invoice bill which confused me
the detail of bill is given below
Total sale value before add VAT tax Rs. 8,019/-
Add Vat @ 12.5% Rs. 802/-
Grand Total Rs. 8822/-
I asked him about this, he tell me that he raised vat tax amount after deduct 20 % of sale value of Rs. 8019/- (on Rs.6415/-)
So, what entry should be passed in the tally with the ledger amount and group?
Sir if the bill is right made. so, please provide the information what is the logic/rule.
Sir the supplier is registered in delhi state.
sir, I received a tax invoice bill which confused me
the detail of bill is given below
Total sale value before add VAT tax Rs. 8,019/-
Add Vat @ 12.5% Rs. 802/-
Grand Total Rs. 8822/-
I asked him about this, he tell me that he raised vat tax amount after deduct 20 % of sale value of Rs. 8019/- (on Rs.6415/-)
So, what entry should be passed in the tally with the ledger amount and group?
Sir if the bill is right made. so, please provide the information what is the logic/rule.
Sir the supplier is registered in delhi state.
09 May 2011
Please tell the state where the supplier is registered and the nature of goods purchased, because exemption from vat depends on the state and items.
07 July 2023
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