Poonawalla fincorps
Poonawalla fincorps

sale reversal/ sale expenditure

This query is : Resolved 
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(Querist)
18 December 2009
If a service provider not perform the complete service contract and against this contract customer deduct a penalty or made payment with deduction then deduction amt treated as a discount(sale reversal) or sale expenditure
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
18 December 2009 If sale is doing then entry will be in sales retrun. if its service then also billing amount would have to settof as discount.

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