vat accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2010
Q1. In the case of interstate sale vat charged to customer accounted in a cst payable account ?????
Q2. local vat payable ledger account & cst payable ledger account must be maintain seprately?????
Q2. local vat payable ledger account & cst payable ledger account must be maintain seprately?????
13 July 2010
No1.
In an interstate sale VAT is not charged on invoice.
Only CST is applicable and Form C required.
No2.
Yes, you need to prepare both ledgers differently, since you are required to file two different returns.
In an interstate sale VAT is not charged on invoice.
Only CST is applicable and Form C required.
No2.
Yes, you need to prepare both ledgers differently, since you are required to file two different returns.
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