How to do vat cst reconciliation? can anyone pls help me?

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Hi frnds,

Am badly in need of how to do Vat Cst reconciliation?

How to check in tally? What amount shud i actually take for reconciliation?

Pls guide me friends.

Thankyou

Replies (1)

Its depends how u maintains your accounts in tally

if u maintaning separate a/c in tally like DVat 12.5%,Dvat 5%

then u can check the A/c balances with manually calculated VAT on sales

Examples :Local sales in tally 2000000(Exclusive of VAT) suppose VAT 5%

then tax =2000000*.05=100000

check dvat 5% A/c it must show in credit rs.100000

if the amount is not matching then go to sales A/c and see th sales in columner form(see right on tally window) it will show separate amount of sales and VAT,check whether Dvat has been charged in all sales or not

Same procedures for CST also

 

 


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