Excise not included in p & l exps

DEAR SIR,

 I WOULD LIKE STATE THAT WHILE MAINTAINING THE ACCOUNTS OF A UNIT I HAVE DONE A BLUNDER MISTAKE.EXCISEABLE PURCHASE FROM PARTIES UNDER THE HEAD OF P & L A/C HAS BEEN DEBITED EXLUDING EXCISE AMOUNT AND IN VAT RETURN FILED WITH THE DEPARTMENT, THE PURCHASE IS INCLUDING EXCISE AMOUNT, ITC IS TALLIED AND CORRECT..SO NOW WHILE PREPARING VAT -20 THE PURCHASE MADE BY US THROUGH OUT UNDER THE HEAD P & L A/C YDOES NOT TALLIES.

SO KINDLY ADVICE ME AT THIS STAGE WHAT ENTRIES SHOULD I MAKE TO RECTIFY THIS MISTAKE.

REGARDS

J SINGH

Replies (1)

You have to rectify your mistake and revise your returns.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details