I am working in a company. There is a issue in preparing Form VAT 240 for FY 16-17.
As per VAT Returns sales return in May-2016 (Rs.1,05,00,250/-) is not considered in Financials as well as that entry not reflected in Accounting Software Tally also.
Can i disclose it as a prior Period Item in the Financials for the current period. Kindly suggest us how can we move forward?
11 August 2018
Thanks you Related to the above issue still we have not filled the VAT 240. Now for filling of VAT 240 the figures are not match with the signed financials. How to to disclose it in the VAT 240 as the figures are not match with financials. Please suggest me how to resolve the issue.