hey frds...i have a quest. plz ans me
in purchase bill its given
recharge vouchers 5000
service tax (say) 500
total 5500
now how much is to be entered in books of account under the head "purchase exempt" and
how much to be shown in vat returns?
it is to be entered as purchase of goods or service?
these are other purchases and not Exempt purchases under vat.......u have to deduct whole amount of Rs 5500 from gross purchases.....as per m vat
if recharge card is purcharsed for personal mobile recharge of business. than it will be treated as telephone expenses
no its tata shy rechage vouchers. its for sale
| Originally posted by : ramesh | ||
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these are other purchases and not Exempt purchases under vat.......u have to deduct whole amount of Rs 5500 from gross purchases.....as per m vat |
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why other purchase..
you will take it as a purchase
Rahul Dang & Associates-Chartered Accountants
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CA Inter
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