When TCS on sales is applied on Accounts payable transactions, the tax amount is posted to a recoverable account: When you apply TCS on sales on a purchase transaction, the TCS amount is posted directly to the TCS recoverable account. You must then match the TCS ledger wi...
User has option to accumulate purchase threshold based on PAN number of vendors like customers. However, accumulation will take place based on vendor or customer within one legal entity. Inter legal entity accumulation will be out of scope. The point of...
User has option to accumulate purchase threshold based on PAN number of vendors like customers. However, accumulation will take place based on vendor or customer within one legal entity. Inter legal entity accumulation will be out of scope. The point of...
Purchase 550 GST recoverable 55 Vendor 605Here is the entry for the dispatch of goods and issuance of the sales invoice.Expand table DescriptionDr.Cr. Customer 660 Sales 600 GST payable 60Here is the entry for the vendor payment.Expand...
GST on purchase GST on purchase return GST on journals/payment/application GST on sales GST on sales return GST on transfer GST on bank charge GST TDS/TCS GST TDS TCS overview GST TCS on payment GST TDS TCS on receipt GST adjustments/periodic activities GST cess GST on service ...
Any taxes collected in the month of March must be submitted on the 30th of April, and any taxes collected on the purchase of the property must be submitted on the 30th of the following month. Here is a table for easy understanding. ...
Deciding on the best plate is very difficult. For those people who have never used the hot plate in their kitchen, they need to be keen because they may end up with the worse hot plate. When you enter the store to purchase the hot plates, you will be confused in choosing from the va...
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. After 5 years the ratio of ages of X and Y is 1:2. Now X's father is 20 years older to Y and Y' father is 30 years more than X. After 20 years again. X's mother asks X's father to purchase a LCD TV which costs around 45000/-. What is the age of X and Y together...
2.2 Prize draw Competitions are free to enter and, unless otherwise stated in the Competition Rules, no purchase of any kind is necessary.2.3 You must enter a Competition in the manner and by the closing date and time specified in the Competition Rules. Failure to do so will disqualify your...