DEAR SIR,
PLS ANYBODY TELL ME HOW TO PASS ENTRY FOR TOOLIN DIE COST PAID TO PARTY & DIE IS CAPITALISED OR NOT? BECAUSE PARTY NOT ADD VAT OR CST IN TOOLING DIE COST PROFORMA INVOICE PLS SEND ME HOW TO MAKE ENTRY IN TALLY ERP 9 FOR TOOLING DIE COST?
MY EMAIL ID IS : psd161090 @ gmail.com
THANKS,
PRANAV
if it is a new die then capitalise dr the tool &dies credit party if it is a modification carried out check out if it enhances the capacity of die to capitalise the same else it is an expense once die is capitalised and for each and every part You have to amotise the same when sending the parts while doing billing to the customer ie basic value add die amortisation on that you have to discharge excise duty but for discharging vat you have to reduce such amortisation
CAclubindia
