Answer me plz

CA.kaya (Chartered accountant) (3990 Points)

16 June 2011

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?

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3 Replies

CA,CMA,CS Karan Gogia (Employed) (230 Points)
Replied 22 June 2011

recharge voucher shud be debited in mobile exp a/c..assumin it is for office...if it is personal exp of proprietor then debit it in capital a/c....

nothing in VAT return...

u cna take credit of service tax..if it is for office use....

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 22 June 2011

Originally posted by : CA,CMA,CS Karan Gogia
	recharge voucher shud be debited in mobile exp a/c..assumin it is for office...if it is personal exp of proprietor then debit it in capital a/c.... nothing in VAT return... u cna take credit of service tax..if it is for office use....