11-28-2007, 08:50 PM
Hope it is more clear picture of my previous question....
1 - General Ledger entry for Purchases. ( Service & Retail Business ) GST,
Withholding, any other if possible.
2 - Sales entry ( if customer company is exampted withholding tax, vise versa)
3 - Utility Bills Treatment
4 - Authorized Cash Payment. ( as per allowed in ITO and for the purpose of Audit)
5 - An employee awarded Salary 25,000 which consists 60% Basic, and 40% all
allowances.
Except above company also pay employee cell phone bill blow 2000 p.m from petty cash. note if no bill then no award.
what will be taxable salary ?
6 - On what kind of services GST is applicable?
7 - What kind of complication can be faced while auditing. (in prospactive of Sales
Tax Specially.)
Abdul Salam
1 - General Ledger entry for Purchases. ( Service & Retail Business ) GST,
Withholding, any other if possible.
2 - Sales entry ( if customer company is exampted withholding tax, vise versa)
3 - Utility Bills Treatment
4 - Authorized Cash Payment. ( as per allowed in ITO and for the purpose of Audit)
5 - An employee awarded Salary 25,000 which consists 60% Basic, and 40% all
allowances.
Except above company also pay employee cell phone bill blow 2000 p.m from petty cash. note if no bill then no award.
what will be taxable salary ?
6 - On what kind of services GST is applicable?
7 - What kind of complication can be faced while auditing. (in prospactive of Sales
Tax Specially.)
Abdul Salam
