Output tax on sales return
This query is : Resolved
12 December 2014
whether output tax on sales return can be added to sales return in P&L a/c
ie. Sales 10
less return 2(including output tax)
net sale = 8
ie. Sales 10
less return 2(including output tax)
net sale = 8
12 December 2014
output tax on sales return taken as input and reduce from the sales tax liability.
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