TaxTMI 
TaxTMI 
Sir our company reg. 5% so which head we entry in sales tax entry
commodities regarding for Machinery & construction work /
19 Jul 2016 
1 Reply 
1132 Views Asked by
VAT registration rate affects sales tax ledger classification; clarification sought on ledger entry for machinery and construction supplies.
A taxpayer asks how to record sales tax entries for machinery and construction work given the supplier's VAT registration rate. The question seeks the correct sales tax/VAT ledger or head for taxable receipts, while the sole reply requests further factual details, leaving the accounting classification unresolved until transaction specifics and rate-based posting requirements are provided. (AI Summary)
A taxpayer asks how to record sales tax entries for machinery and construction work given the supplier's VAT registration rate. The question seeks the correct sales tax/VAT ledger or head for taxable receipts, while the sole reply requests further factual details, leaving the accounting classification unresolved until transaction specifics and rate-based posting requirements are provided. (AI Summary)
