Accounting entry

Dear Suraj,

 

         You can't pass the accounting entry in absence of invoice. In your situation, i suggest you to revert back the entry made on 28th april and then pass the fresh entry of invoice date. 

Thanks & Reards,

 

Nitil Agrawala

BUT WHAT ABOUT THE INPUT CREDIT THAT WE HAVE TAKEN WHILE PAY VAT LIABILITY FOR THE MONTH OF MARCH.

U can revised the return & Input Would be reduced by that amount as Credited in the Last Return

& Liability Increase which will be paid at the time of revised return 

I ADVICE U TO FILE REVISE RETURN FOR MARCH 2012, OR U MAY ADJUST EXCESS INPUT TAX CREDIT IN NEXT VAT RETURN, IF U ARE A DEALER REGISTERED UNDER WEST BENGAL VAT ACT 2003, THERE IS A PROVISION IN RETURN FORM 14 COLUMN NO. 39(d), MARKED 'INPUT TAX CREDIT CLAIMED IN SHORT/EXCESS EARLIER'WHICH IS DEDUCTIBLE FROM YOUR OUTPUT VAT IN NEXT APRIL 2012.IF U DO THE 2ND U MUST DELETE ENTRY WHICH U HAVE MADE ON DT.28TH MARCH 2012 AND TAKE FRESH INPUT CREDIT ON DT.4TH APRIL 2012. MIND THAT U R BOOKS OF ACCOUNTS & 4TH QTR. VAT RETURN DOES NOT MATCH IN THIS CASE AND A NOTE MAY BE GIVEN BY THE AUDITOR IN FORM-88 AT THE TIME OF HIS VAT AUDIT FOR YEAR 2011-12 ALSO U MAY PAY INTEREST FOR SHORTAGE DEPOSIT OF VAT.