Entry of f.y 2010 but found in f.y 2014
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2014
If service tax input credit could not be booked in F.Y 2010-11 in book of account.and this issue comes in knowledge of accountant in F.Y 2014 . what will be treatment of this fact in book of a/c in 2014.?
(Note input credit has been utilised in S.T Return in F.Y 2010 against S.T liability.)
(Note input credit has been utilised in S.T Return in F.Y 2010 against S.T liability.)
CA R SEETHARAMAN
(Expert)
28 November 2014
If the amount is material book it under prior period else book it under current year.
Rupesh Jain
(Expert)
29 November 2014
you can book as prior period items. and take in books
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