Purchase entry in tally
Yasir (article assistant ) (432 Points)
03 April 2021
what is the purchase entry of liquor and wine purchase with excise and tcs
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 03 April 2021
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
Yasir
(article assistant )
(432 Points)
Replied 03 April 2021
amit kadam
(a)
(78 Points)
Replied 03 April 2021
TCS Collected From Seller is Under Head of Current Asset or Capital Account.
Sonu Kumar
(Account Manager)
(665 Points)
Replied 03 April 2021
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.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 03 April 2021
For further clarity please go through this link: https://help.tallysolutions.com/article/Tally.ERP9/Tax_India/excise-dealer/ed-purchase.htm
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