Sales tax
CA Kiran Sutrave (CA) (428 Points)
10 February 2016
Is it necessary to inform Sales Tax Officer about the cancelled invoice? The assessee is a trading concern
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 10 February 2016
I think not necessary. But for certain states, there is an option to mention cancelled sales in the VAT return. If similar provision is applicable for your state, then you might have to declare in the return otherwise maintain all copies of invoice (which is cancelled) in your records.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
