Dear Team,
We sold goods to one of our customers in October last year for credit, the latter is now not answering calls and closed his business as well. As we paid huge tax amount for that sale, is there any way that we can show that as cancelled sale and use those tax amount for adjusting in future sales. If that can be done, how do I show that registered sale as cancelled. Please advise.
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ITC Adjustment
Replies (2)
Was your customer registered in GST?
Yes, he was a registered dealer
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