Hi Sir,
Please give me the accounting treatment for this example in tally.
Out put vat -55000/-
Input Vat -65000/-
Out put CST - 5000/-
Monthly payment of vat
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Vat carry forword entry in tally
Replies (1)
Dear Vishal,
Above stated your tally entry:-
Output vat Dr. 55000/-
Output CST Dr. 5000/-
Vat PAybale A/c Dr. 5000/-
To Input Vat 65000/-
Amount of vat adjusted against input vat as on 31/03/2014
Note:- Creat vatpayble Ledger-Under of Current Liabitilites
Thanks
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