dear sir
How to pass Entry for vat input is disallowed in vat return
regards
milind
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Entry for vat input is disallowed in vat return
Replies (1)
You should create a ledger Vat EXPENSES under P&L Account then pass the following entry for this
one for transfer of input which has been disallowed .
Vat Input A/c Dr
To VAt Out put A/c
Payment for liabilty entry ( Cash or Credit)
Vat Out put a/c Dr
To Cash/bank or Vat Input
Transfer of vat input to Vat Expenses
Vat Expenses Dr
To Vat Input A/c
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