Cancelled entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2013 One of our member has cancelled his membership, so when should the cancelled entry should be passed, and how service tax entry should be accounted

@VaibhavJ

@VaibhavJ (Expert)
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26 February 2013 Hi,

Entry to be passed generally on the date when intimation of cancellation is received or as per any date after intimation recd as per co. policy.

However i suppose ST should have been accounted on accrual basis, receivable to be created to the extent same is due from member.

Thanks!!

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