Invoicing in subsequent year of outward of material.

Company has made outward of material on 30/03/2013 & it invoiced on 03/04/2013, accordingly entry in of sale in books came on 03/04/2013.

 

whether there will be any impact in audit & also as per VAT or any other taxes Point of view??

Thanks.........

 

Replies (1)

First of all., can you let me know the reason for despatching goods earlier and invoicing later??

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