An item was sold when the VAT rate on it was 4%, but later on it was returned by the buyer, when the VAT rate on it was increased to 5%. So at what rate the selling party should give credit to the buyer - 4% or 5%?
Menu
VAT Output reversal on Return of Goods
Replies (1)
it is to be shown at 4%
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
