Special accounting scheme
kedar (article) (26 Points)
05 October 2013
what is special accounting scheme under audit? please help me out....
1 Replies
Vinay kumar.k
(Executive Accountant)
(24 Points)
Replied 23 November 2015
. Special accounting scheme.-
1. Where a dealer liable to pay tax under Section 4 is unable to identify each individual sale,
its value or the rate of tax, 1 % [or is unable to issue a tax invoice as specified in section 29 for each individual sale]
he may apply to the prescribed authority to pay net tax under Section 10 under a special method to be mutually agreed by such authority in such manner as may be prescribed.
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