VAT / Sales Tax Returns

Sales /Output Vat Entries:
By Customer Dr XXX
To Local/Interstate sales Cr xxx
TOCentarl Excise(Output)10% cr XXX
TO Edu Cess (Output) 2% cr xxx
To Sec.Edu cess( Output) 1% cr xxx
To Vat/ Entry Tax cr xxx

Sales Returns:
To Customer Cr xxx
By Local/Interstate sales Dr xxx
By Centarl Excise(Output)10% Dr XXX
By Edu Cess (Output) 2% Dr xxx
By Sec.Edu cess( Output) 1% Dr xxx
By Vat/ Entry Tax Dr xxx

Purchase / Input Entries:
To Party/Vendor Cr xxx
By Raw materials Purchases Dr xxx
By Vat(Input) Dr xxx

Purchase Returns:
By Party Dr xxx
To Raw materials Purchases Cr XXX
To vat xxx



VAT = Output Vat – Input Vat

Entry for Vat/sales Tax:
By Output Vat 5% Dr xxx
By Output Vat 13.5% Dr xxx
To Input Vat 5% Cr XXX
TO Input Vat 13.5% Cr xxx
To Input Vat 15% Cr xxx
To VAT Payable xxx