Wrongly posted purchases
sir I have Non Gst purchases 95,26,538, but I enter wrongly (colume) a supplier under composition scheme, exempted & Nill rated supply (Table No.5) .
Replies (5)
Quick Summary
Nothing to do , show it correctly in annual return
The composition dealer and u b communicate and then inform ur assessing officer,unless who may issue an intimation in this regard.
No need to inform becuase a press release was already issued that no correction needed for wrong posted exempted /nil rated sales and purchases but dont forget to provide correct details through annual return
No tax evasion in this case, because of exempted supply.
Adjust in the coming purchase entries or correct it on Annual Return.
Adjust in the coming purchase entries or correct it on Annual Return.
Turnover limit may clarify through communicate and to avoid penel action for provision violate by the registered person,Anual return filed b U/s 44.
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
