Vat payable account debit balance

For all statutory the firm has to act as an agent to the Dept. Whatever collected has to be paid if so if any excess payment made then only the Debit Balance will appear or Vat accounted shortly from the Invoice will also effect to this. Pl go thro' month by month viz., collected/payable and agaisnt which how much paid.

You can make it as a schedule as follows

Month  %   Collected/Payable   Paid    Payment ref: (chq no: