Future sales
This query is : Open
siddesh ainapur
(Querist)
23 August 2013
i have issued tax invoice to my customer in march 13 and declared in monthly sale tax return and paid sale tax also. due to shortage of specific item, i have purchased and supplied said item in april 13. how do i account said transaction whether should i take in march sales or april sales.
CA PARAS BAFNA
(Expert)
23 August 2013
Without having Purchases/stock if you are issuing any tax invoice, the point is beyond the understanding of even a common man. The sale completes when the risk is transferred to the buyer.
.
In Sales tax there must be a concept of Sales Return also to take credit. (I am not much aware about the VAT law).
.
Please wait for the expert opinion.
.
.
In Sales tax there must be a concept of Sales Return also to take credit. (I am not much aware about the VAT law).
.
Please wait for the expert opinion.
.
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