Used cars
Querist : Anonymous
purchase of used car Rs: 1,00,000/- from raju including vat
sale of used car to krishna Rs: 1,10,000/- including vat.
we raised entries as per
purchase of used car DR Rs:87336.25
Input vat a/c DR Rs: 12663.75
To Raju a/c Rs:100000/-
(purchase of used car santro)
sale entry:
krishna a/c Dr Rs: 110000/-
To used car sale a/c 90069.89
To out put vat a/c 13930/-
(used car sale to krishna - santro)
vat paid as per output vat - input vat : 13930- 12663.75 : 1266.25/-
vat payable value : 1266.25
pl give entries in gst regime with above examples. we purchase car from raju. he was not registered in gst.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
