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Tally entry for purchase bill

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suppose purchase bill having following content:- material cost............100000 insurance chrgs...500 service tax 12% ....60 cess 3%................ 1.80 transport chrgs......... 5000 octroi... 1500 subtotal................ 1017061.80 vat @ 12.5%...... 13382.725 total ..... 1030444.52 what should be the entry for above purchase bill???
Replies (2)

Purchase Dr.................................................................................................107061.8

Vat Inpur Dr..................................................................................................13382.73

To Vendor.............................................................................................................................120444.53

 

But vendor has wronlgly charged vat he must not include transport charges for computing vat.

Thanx for your valuable reply.


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