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VAT Reconciliation: Sales

This document provides monthly sales, purchase, and VAT return figures for a company over a 12 month period from April 2015 to March 2016. Total sales were over 11.7 million with 5% VAT of nearly 589,000 being due. Total purchases subject to 5% VAT were over 9.8 million with input VAT of around 491,000. An additional 42,000 of interstate purchases were made with 5% VAT. The document summarizes the monthly figures and calculates totals for sales, purchases, input VAT and output VAT over the full year.

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443 views

VAT Reconciliation: Sales

This document provides monthly sales, purchase, and VAT return figures for a company over a 12 month period from April 2015 to March 2016. Total sales were over 11.7 million with 5% VAT of nearly 589,000 being due. Total purchases subject to 5% VAT were over 9.8 million with input VAT of around 491,000. An additional 42,000 of interstate purchases were made with 5% VAT. The document summarizes the monthly figures and calculates totals for sales, purchases, input VAT and output VAT over the full year.

Uploaded by

samaadhu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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VAT Reconciliation:

Sales:
VAT Returns
Month

Sales
Returns

5%
April
May
June
July
August
September
October
November
December
January
February
March
Total

Total

5%

VAT
Returns

Total

978,819.00
1,414,770.00
1,195,374.00
1,064,631.00
1,624,665.00
748,696.00
788,942.00
625,325.00
826,148.00
805,276.00
665,618.00
1,048,331.00

978,819.00
1,414,770.00
1,195,374.00
1,064,631.00
1,624,665.00
748,696.00
788,942.00
625,325.00
826,148.00
805,276.00
665,618.00
1,048,331.00

48,940.95
70,738.50
59,768.70
53,231.55
81,233.00
37,435.00
39,447.00
31,266.00
41,307.00
40,264.00
33,281.00
52,417.00

48,940.95
70,738.50
59,768.70
53,231.55
81,233.00
37,435.00
39,447.00
31,266.00
41,307.00
40,264.00
33,281.00
52,417.00

11,786,595.00

11,786,595.00

589,329.70

589,329.70

Purchases Local 5%:


VAT Returns
Month
5%
April
May
June

Purchases
Returns

2,452,404.00
558,801.00
1,440,330.00

Total
2,452,404.00
558,801.00
1,440,330.00

5%
122,620.20
27,940.00
72,017.00

VAT
Returns
-

Total
122,620.20
27,940.00
72,017.00

July
August
September
October
November
December
January
February
March

1,109,140.00
1,480,991.00
386,670.00
1,996,167.00
398,601.00

###
###
###
###
-

Total

9,823,104.00

1,109,140.00
1,480,991.00
386,670.00
1,996,167.00
398,601.00
9,823,104.00

Interstate Purchases:

Month

April
May
June
July
August
September
October
November
December
January
February
March

45,000.00
45,000.00
90,000.00
45,000.00
146,348.18
49,706.00
6,187.50
-

Total

427,241.68

10,250,345.68

55,457.00
74,050.00
19,334.00
99,808.00
19,930.00

55,457.00
74,050.00
19,334.00
99,808.00
19,930.00

491,156.20

491,156.20

Books
5%
978818.50
1414770.00
1195374.40
1064631.00
1624665.00
748696.00
788942.00
625325.00
826147.50
805276.00
665618.00
1048330.76
11,786,594.16

Sales
Returns

Total

5.00%

VAT
Returns

978,818.50
1,414,770.00
1,195,374.40
1,064,631.00
1,624,665.00
748,696.00
788,942.00
625,325.00
826,147.50
805,276.00
665,618.00
1,048,330.76

48,940.93
70,739.00
59,769.00
53,232.00
81,233.00
37,435.00
39,447.00
31,266.00
41,307.00
40,264.00
33,281.00
52,417.00

11,786,594.16

589,330.93

Difference
Total
48,940.93
70,739.00
59,769.00
53,232.00
81,233.00
37,435.00
39,447.00
31,266.00
41,307.00
40,264.00
33,281.00
52,417.00
589,330.93 -

Books
5%
2,452,404.00
558,800.90
1,440,330.00

Purchases
Returns
-

Total
2,452,404.00
558,800.90
1,440,330.00

5.00%
122,620.00
27,940.00
72,017.00

VAT
Returns
-

Sales
(0.50)
0.40
(0.50)
(0.24)
0.84

Difference
Total
122,620.00
27,940.00
72,017.00

Purchases
0.10
-

398,600.50

1,109,139.50
1,480,991.20
386,670.01
1,996,166.68
398,600.50

55,457.00
74,050.00
19,334.00
99,808.00
19,930.00

55,457.00
74,050.00
19,334.00
99,808.00
19,930.00

9,823,102.79

9,823,102.79

491,156.00

491,156.00

1,109,139.50

1,480,991.20
386,670.01
1,996,166.68

0.50
(0.20)
(0.01)
0.32
0.50
1.21

Difference
Output Tax
(0.03)
0.50
0.30
0.45
1.22

Difference
Input Tax
0.20
-

0.20

Sales Local 5%
Particulars

Sivaa Industries - (from 1-Apr-2014) - (from 1-Apr2015)


1-Apr-2015 to 31-Mar-2016
Debit

Transactions

Closing

Credit

Balance

Opening Balance
April

978818.50

978818.50 Cr

May

1414770.00

2393588.50 Cr

June

1195374.40

3588962.90 Cr

July

1064631.00

4653593.90 Cr

August

1624665.00

6278258.90 Cr

September

748696.00

7026954.90 Cr

October

788942.00

7815896.90 Cr

November

625325.00

8441221.90 Cr

December

826147.50

9267369.40 Cr

January

805276.00

10072645.40 Cr

February
March
Grand Total

665618.00

10738263.40 Cr

1048330.76

11786594.16 Cr

11786594.16

11786594.16 Cr

Plastic Grarnels Interstate Purchase


Particulars

Sivaa Industries - (from 1-Apr-2014) - (from


1-Apr-2015)
1-Apr-2015 to 31-Mar-2016
Transactions
Debit

Credit

Closing
Balance

Opening Balance
April

45000.00

45000.00 Dr

May

45000.00

90000.00 Dr

June

90000.00

180000.00 Dr

July

45000.00

225000.00 Dr

August
September
October

225000.00 Dr
146348.18

371348.18 Dr

49706.00

421054.18 Dr

November

421054.18 Dr

December

421054.18 Dr

January

421054.18 Dr

February

6187.50

March
Grand Total

427241.68 Dr
427241.68 Dr

427241.68

427241.68 Dr

Plastic Granules Purchase 5%


Particulars

Sivaa Industries - (from 1-Apr-2014) - (from 1Apr-2015)


1-Apr-2015 to 31-Mar-2016
Transactions
Debit

Credit

Closing
Balance

Opening Balance
April

2452404.00

2452404.00 Dr

May

558800.90

3011204.90 Dr

June

1440330.00

4451534.90 Dr

July

1109139.50

5560674.40 Dr

August

5560674.40 Dr

September

5560674.40 Dr

October
November

1480991.20

7041665.60 Dr

386670.01

7428335.61 Dr

December
January

7428335.61 Dr
1996166.68

February
March
Grand Total

9424502.29 Dr
9424502.29 Dr

398600.50

9823102.79 Dr

9823102.79

9823102.79 Dr

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