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Effect of reduced amount received on mvat

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 October 2012 I want to know that suppose I have issued sales bill of Rs. 10000/- and charged 12.5% mvat i.e Rs. 1250. But at the time of payment customer has only paid Rs. 9500/- and he has not returned the original bill also. In such situation can I reduce the original bill by making discount entry and can it possible to reverse the vat on such amt.
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U S Sharma

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U S Sharma (Expert)
04 October 2012 issue credit note for the discount.
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