Domain name management using BUSY accounting, Service Tax

[Bipin Tripathi]

Hello, 

I have a question regarding domain names management in accounting software BUSY.

Details:

I am Domainer from UP. I buy sell domain names, its domain trading business. To maintain all records clearly, i use BUSY as accounting software for general accounting.

I buy domains from market, and sell to the market, if i dont like any name, i drop it.

As usual, all is going well with my accounting software.

Here is my QUESTION:

How can i manage inventory in software, when i drop a domain, which means i am removing a domain name from my inventory?

I need following action from software:

1. Inventory should get deducted with the number of domains dropped.

2. The amount should get deducted, for which I buyed the domain earlier.

Please help me with your suggestions.

Thanks

Bipin Tripathi

Posts / Replies

[Madhukar N Hiregange]

Query not related to ST. If there is any question on the tax please elaborate.