ans me plz

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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?


Replies (5)

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

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

why other purchase.. 

you will take it as a purchase 

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