A LTD
Sales 300000
(1500 KG*200)  
 +   VAT 5% 15000
  315000

Suppose Company paid 300000 in full settlement

Pass entry for Sales ,payment and Discount received

Will we issue Debit Note or Credit Note??

View Answer
  1. Tax Practical
  2. Practical VAT CST

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.