In which date vat adjustment entry is done for 1st Quarter(1 april To 30 June) or any quarter. Outvat vat ............... Dr 10000 Input vat............ Cr.7000 Vat Payable.......Cr 3000

This question was asked in Entries for Adjustment of Output and Input Vat

In which date vat adjustment entry is done for 1st Quarter(1 april To 30 June) or any quarter.

Outvat vat ............... Dr 10000

Input vat............ Cr.7000

Vat Payable.......Cr 3000

anupsharma23

Aug. 17, 2016, 3:02 p.m.

Saifi

Feb. 4, 2017, 10:11 a.m.

Vat adjustment entry should be passed end of the month..

Comment

Davneet Singh

Aug. 18, 2016, 1:50 p.m.

If Vat Challan is paid quarterly,

Adjustment Entry is passed Quarterly

for 1st Quarter(1 april To 30 June),Adjustment Entry is passed end of Quarter on 30 June

If Vat Challan is paid Monthly

Adjustment Entry is passed Monthly

for 1 april To 30 April,Adjustment Entry is passed end of month on 30 April

Comment