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Disclosure of ted refund in future


sirisha (article assistants)     14 June 2013

sirisha
article assistants 
 1 likes  58 points

| My Other Post

please anyone give suggetion regarding TED refund

my company is eligible to get TED refund in future

at the time of sale  passing below entry

 

party a/c   -----DR       112.36

    TO Excise duty payable              12.36

    TO sales                                     100

 

every month Excise duty paying regularly

after this, claiming TED refund by submitting as per notification and TED is refund is received

till this period TED amt 12.36 is included in party a/c , and party giving amt is 100 only

after this This TED 12.36 is transfering to separate ledger and closing with receipt amt from authority

my quaries is  this 12.36 is including in party is correct or  it should be separted to separate ledger  because it not related with party

and also explain  TED refund disclosure in revised Schedule VI is it included in sundry debtor or separate disclosre

 

 

 

 

 

 




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