A TNVAT assessee, showed CST sales in the month of sep 12 , where in actually its only an order and sale didn't took place at all.
Now , during audit, this has come out. Does he have any remedy ?
A TNVAT assessee, showed CST sales in the month of sep 12 , where in actually its only an order and sale didn't took place at all.
Now , during audit, this has come out. Does he have any remedy ?
Dear Friend,
If the sales entry was booked only on the basis an order & no transaction took place at all then you dont have any problem. You just need to prove to Audit Party for the same. There will be no penalty or interest or any other prosicution. it was just an error & you have to simply prove that...
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