Dear Sir,
One of my client who had sold goods in 2008-09,has received back goods within 6 months but in 2009-10.
The client has not recorded the sales return transaction in books of A/c.The B/s duly got audited but Vat audit of 2009-10 is still going on. So, we still have chance to revise the return.
My question is can we claim sales return for VAT purpose by revising the return which will lead to non-reconciliation of B/s & VAT returns.
Regards,
Preeti
Your accounts has been closed for the year 2008-09.
So if you are claiming the sales return of 2008-09 in 2008-09 it will lead to change in figures of the audited balance sheet and so it is not viable to claim the return in 2008-09
Since the goods have been received in 2009-10 and that too within 6 months take the credit of sales return in the month of 2009-10 in which it is received based on the GRN .
Do not revise the return of the month which will lead to change in figures of Balance Sheet.
Ok....
Also there is no option to revise the audit report 704
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