Sir/ Madam,
On the basis of 2007 budget reg. CST, One of our Vendor made Invoices charging CST @ 2% from 1st April'08.
During April'08 Govt. not given notification regarding changes in CST from 3 to 2%.
Now, Our vendor making Debit Note On us for the Difference of 1% (for CST 3%).
How, can we account it? Kindly guide me.
it is comon mistake you can consider same debit note & make payment by bank. Entery as follow in current month.
Purchase central Dr. 123
Party Account Cr. 123
AJAY SINGH AND CO LLP
Thane
CA Final
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CCI
Pro
CAclubindia
