Same value of output and input
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2012
if a dealer billed other dealer at a same rate which sold by other dealer at a same price.and then 1st dealer issue a credit note for difference amount to other dealer.how should other dealer take input for vat calculation? pls reply soon.
08 November 2012
Mr Author,
The second dealer should only rectify his return,if already filed,to reduce the excess input claimed and pay the diffrence of tax.If not,make necessary accounting entries and declare the correct amount of purchase figures in the returns....MJK
The second dealer should only rectify his return,if already filed,to reduce the excess input claimed and pay the diffrence of tax.If not,make necessary accounting entries and declare the correct amount of purchase figures in the returns....MJK
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
