payment received from dealer in bank account, but credited in distributor account and billing is also done to distributor. what will be consequences under income tax act, 1961 or gst act??
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Payment received from dealer in bank account, but credited in distributor account?
Replies (2)
Reverse wrong entries / cancel wrong invoice /pass correct entries and raise invoice to dealer
.... no end consequences but rectify immediately
.... no end consequences but rectify immediately
No more problem...😊😊😊
Just provide Journal entries from Dealer to Distributor account and give correct narration in entries...🤗🤗🤗
Just provide Journal entries from Dealer to Distributor account and give correct narration in entries...🤗🤗🤗
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