QUESTION 1
Normally on Sales,Vat is also charged 

Suppose Sales made by A to B of 100000+5% Vat 

Whether 1% TCS to be collected on 100000 or 105000? 

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QUESTION 1 Continued  

What is the journal entry in above case?

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QUESTION 2
Suppose A makes Sale of 100000+ 5% Vat to B on 10 June 

Amount received in Advance by A from B on 25 April 

Pass Entry

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Case 3  

Suppose A makes Sale of 100000 + 5% VAT to B on 10 June 

30% Amount received in Advance by A from B on 25 April 

Balance Received on 24 August

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  1. Tax Practical
  2. Practical TDS (Non Salary)

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.