What would be treatment
This query is : Resolved
20 October 2009
Respected Sir/ Madam
We have sold goods to our party in oct 08 but now in Oct 09 they have return our some material.so (i)So How to treat such entry. Should we have to revised our sale Tax Return of Oct 08, but it is difficult because to Income Tax related balance sheet also get effected from that? Plz Tell me what to do?
Thanks in advance
We have sold goods to our party in oct 08 but now in Oct 09 they have return our some material.so (i)So How to treat such entry. Should we have to revised our sale Tax Return of Oct 08, but it is difficult because to Income Tax related balance sheet also get effected from that? Plz Tell me what to do?
Thanks in advance
20 October 2009
so what?
enter it as sales return in current year. there is no question of refiling the return
enter it as sales return in current year. there is no question of refiling the return
20 October 2009
agreed give the effect of sales return in this years sales tax, income tax & all other returns.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
