Sales tax
This query is : Resolved
14 February 2012
If goods is return in the month of june 2011 which is invoiced on 31-3-11 & if the company balance is finalised on 31-5-11 then how this entry will be treated , whether we can credit of sales in the next financial year & what gross sale we have shown in the 704 vat audit report.
CA CS Pawan Jajoo
(Expert)
14 February 2012
You have to show complete sales in GTO
then deduct goods return along with vat from GTO in 704.
then deduct goods return along with vat from GTO in 704.
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