sales tax accounting entries

[june23am]

it is clear to me, ap jitnay ke invoice charge karo gay mean tax invoice issue karo gay that much tax you will pay to state. in my case when i say k 50pcs juices @10 which is 500 with 1%trade discount which is 5 and 1% cash discount which is 1%. now after completing all requirements as per act as it said k if business discount offer karta hay to sales tax ke amount will be discounted price of item even if wo third scedule ka hay, no matter i have to pay 16% of 10 according to law but still if i sell these on discount of 1% than i will pay to state 16% of 9 not 10. question is trade discount to i know k at the time of sales/purchase i adjusted by reducing tax invoice to 495 (500-5 1%trade discount), but cash discount coz it is not sure k customer wo discount avail karay ga ya nahi, is why we consider this cash discount taken too if it is a reasonable amount, mean if aik banda tax invoice katay aur price ka 50% discount day day to it is wrong, a reasonable portion can be permited. so journal entries or tax will be charged at 490 (495-10) 1% of trade discount and 1% of cash discount which we charged on tax invoice, but ye tab possible hay k jo invoice issue karain gay us pay sales 490 mention ho after deducting discounts, and will pay tax of 78.4
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Dear, may Accountant nahi ho or na hi mery pass koi accounting ki degree hay,,, par may Law ko achi tarhan samajh sakta hon, Sales Tax may mukhtalif procedures hayn mukhtalif businesses k liye,,
Ik bat zahan may bitha layn, k sales Tax sirf Item par lagta hay ab chahay wo goods ho ya services,,,
App bayshak manufacturer ho par aap jo item bana rahy ho wo third schule may aata hay or jo item third schedule may aaty han un ki price retail hoti hay or retait prise pay sales tax charg hota hay,,
App ko chayea k kisi Tax Consultant say legal opinion layn, tab aap ko accounting treatment aasani say samajh aa jaye ga.

<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">