Income Tax For Senior Citizens: How to File For AY 2026-27
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Purchases a/c
excise & tcs a/c
To Creditor a/c
that shuld be entered in purchases voucher
creditor a/c
To excise & tcs a/c
To Bank a/c
this will be in payments voucher when payment is met
TCS Collected From Seller is Under Head of Current Asset or Capital Account.
If you have Purchase wine Bottle for Re-sale to Consumer
Purchase Ac - Dr
Creditor Acc - Cr.
Becoz we will not get input credit of Excise Duty.
For further clarity please go through this link: https://help.tallysolutions.com/article/Tally.ERP9/Tax_India/excise-dealer/ed-purchase.htm
What is mrp rounding off accounting treatment and excise turnover tax treatment in tally of wine shops
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