Mistake in the preparation of financials
This query is : Resolved
11 August 2018
Dear sir,
I am working in a company. There is a issue in preparing Form VAT 240 for FY 16-17.
As per VAT Returns sales return in May-2016 (Rs.1,05,00,250/-) is not considered in Financials as well as that entry not reflected in Accounting Software Tally also.
Can i disclose it as a prior Period Item in the Financials for the current period. Kindly suggest us how can we move forward?
Thanks in advance
B. Jagan
I am working in a company. There is a issue in preparing Form VAT 240 for FY 16-17.
As per VAT Returns sales return in May-2016 (Rs.1,05,00,250/-) is not considered in Financials as well as that entry not reflected in Accounting Software Tally also.
Can i disclose it as a prior Period Item in the Financials for the current period. Kindly suggest us how can we move forward?
Thanks in advance
B. Jagan
11 August 2018
Yes, route it through' prior period item' to correct the mistake.
11 August 2018
Thanks you
Related to the above issue still we have not filled the VAT 240.
Now for filling of VAT 240 the figures are not match with the signed financials.
How to to disclose it in the VAT 240 as the figures are not match with financials.
Please suggest me how to resolve the issue.
Related to the above issue still we have not filled the VAT 240.
Now for filling of VAT 240 the figures are not match with the signed financials.
How to to disclose it in the VAT 240 as the figures are not match with financials.
Please suggest me how to resolve the issue.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Capital gain on sale and purchase of plot
- CREDIT NOTES WITHOUT GST
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
