| Entry tax problem Dear all,
I Have a problem in Entry tax . kindly correct me . upto May everthing was going good . but in the month of June the problem started. i am drafting the problem to your as follows:
Entry Tax Calculation:
Ex:
Recieved good from other branches : Rs. 1,00,000.00
Sent goods to other branches : Rs. 1,50,000.00
total 50,000.00 { negative bal}
no entry tax paid as it is negative balance. {50,000.00 carry forwarded for next month}
for the preciding next month:
Recieved good from other branches : Rs. 60,000.00
Sent goods to other branches : Rs. 2,50,000.00
total : Rs 1,90,000.00 { Neg Bal}
Balance brought form Previous M/o : 50,000.00{Neg Bal}
Grand Total : 2,40,000.00 { neg bal}
his the above mentioned process is right or wrong please guide me in this matter.
regards
Manju
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