VAT Charges

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • ultramel123
    Full Member
    • Feb 2013
    • 29
    #1

    VAT Charges

    Good Day

    Is there supposed to be VAT processed on Bank Charges in the cashbook?

    any tips or advise would be greatly appreciated




    Thank you
    Tags: pastel, vat
    • Neville Bailey
      Diamond Member

      • Nov 2010
      • 2786
      #2
      Yes.
      Neville Bailey - Sage Pastel Accounting Consultant
      www.accountingsoftwaresupport.co.za
      neville@accountingsoftwaresupport.co.za
      IronTree Online Solutions

      "Give every person more in use value than you take from them in cash value."
      WALLACE WATTLES (1860-1911)

        Comment

        • Elijah
          Bronze Member

          • May 2012
          • 129
          #3
          If the business is Registered for Vat, then as Neville has pointed out the answer is yes. If the business is not registered for Vat, then The Vat option should be disabled.

            Comment

            • Justloadit
              Diamond Member

              • Nov 2010
              • 3518
              #4
              You can create a journal which has a VAT component, as you will require this to be part of your input VAT.
              Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
              Solar pumping, Solar Geyser & Solar Security lighting solutions - www.microsolve.co.za

                Comment

                • USHA
                  Junior Member
                  • Mar 2012
                  • 19
                  #5
                  Hi there

                  When SARS says that you can claim VAT on Cleaning expenses, can anyone please be more specific as to the exact cleaning expenses they mean.

                  Can you claim back VAT on Cleaning detergents, toiletries, etc bought at a supermarket?

                  OR

                  Do they mean, for instance, if you have your carpets cleaned and are charged VAT then you can claim that back?
                  Never stand begging for what you have the power to earn. Miguel de Cervantes Saavedra

                    Comment

                    Previous template Next
                    Working...

                    We process personal data about users of our site, through the use of cookies and other technologies, to deliver our services, personalize advertising, and to analyze site activity. We may share certain information about our users with our advertising and analytics partners. For additional details, refer to our Privacy Policy.

                    By clicking "I AGREE" below, you agree to our Privacy Policy and our personal data processing and cookie practices as described therein. You also acknowledge that this forum may be hosted outside your country and you consent to the collection, storage, and processing of your data in the country where this forum is hosted.

                    I Agree