set off entry in provision
This query is : Resolved
21 May 2010
hello...if there is set off available to a pvt. ltd. company then what to do of provision of telephone bill & courier bill entry whether to take s.tax at the time of creating provision or to take on actual date of payment i.e. in P.Y.2010-11 (next year) ????
Madhukar N Hiregange
(Expert)
24 May 2010
Credit available only on payment not on creating provision/ liability.
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