DEBIT BALANCE SUNDRY CREDITORS
This query is : Resolved
31 October 2020
DEAR SIR,
SOME INVOICES ARE MISSED FOR PREVIOUS YEAR ACCOUNTING. NOW MY QUERY IS OUR SUNDRY CREDITORS BALANCE IS SHOWING DEBIT BALANCE I HAVE CARRY FORWARD THE BALANCE FOR CURRENT YEAR PAYMENTS ARE MADE FOR THOSE INVOICES. CAN I SHOW DEBIT BALANCE IN THE LEDGER. IS THERE IS ANY PROBLEM PLEASE NOTE THAT ALL THOSE INVOICES ARE EXEMPTED GOODS CAN WE TAKE TO ACCOUNT FOR THIS MONTH OF OCTOBER 2020.
REGARDS
SOME INVOICES ARE MISSED FOR PREVIOUS YEAR ACCOUNTING. NOW MY QUERY IS OUR SUNDRY CREDITORS BALANCE IS SHOWING DEBIT BALANCE I HAVE CARRY FORWARD THE BALANCE FOR CURRENT YEAR PAYMENTS ARE MADE FOR THOSE INVOICES. CAN I SHOW DEBIT BALANCE IN THE LEDGER. IS THERE IS ANY PROBLEM PLEASE NOTE THAT ALL THOSE INVOICES ARE EXEMPTED GOODS CAN WE TAKE TO ACCOUNT FOR THIS MONTH OF OCTOBER 2020.
REGARDS
31 October 2020
Yes, show debit balance in ledger and correct it in the current month no problem.
31 October 2020
THANK YOU SIR,
CAN WE TAKE PREVIOUS YEAR INVOICES MEANS MAY 2019 TO NOV 2019 INVOICES TO DECLARE IN THE GST RETURNS PLEASE SUGGEST ME,
REGARDS
CAN WE TAKE PREVIOUS YEAR INVOICES MEANS MAY 2019 TO NOV 2019 INVOICES TO DECLARE IN THE GST RETURNS PLEASE SUGGEST ME,
REGARDS
31 October 2020
Yes you can take it in September return or in the annual return.
31 October 2020
THANK YOU SIR,
BUT THE TURNOVER OF THE ENTIRE YEAR NOT EXCEEDING 2 CRORES STILL WE CAN FILE ANNUAL RETURN OR IF NOT FILED WHAT IS THE PROBLEM
PLEASE SUGGEST ME SIR,
REGARDS
BUT THE TURNOVER OF THE ENTIRE YEAR NOT EXCEEDING 2 CRORES STILL WE CAN FILE ANNUAL RETURN OR IF NOT FILED WHAT IS THE PROBLEM
PLEASE SUGGEST ME SIR,
REGARDS
31 October 2020
File annual return. Only GST audit not required.
01 November 2020
dear sir,
it is compulsory to file annual return because threshold limit not exceeded but still we should file annual return is there any problem
thank you and regards
it is compulsory to file annual return because threshold limit not exceeded but still we should file annual return is there any problem
thank you and regards
01 November 2020
No problem you can file it.
01 November 2020
thank you sir,
but I left unfiled from 2017- 18, and 2018-19 because the limit does not exceeded so I am asking about
that unfiled annual returns deemed to be filed in future any notice will serve.
please guide me and the solutions
regards
but I left unfiled from 2017- 18, and 2018-19 because the limit does not exceeded so I am asking about
that unfiled annual returns deemed to be filed in future any notice will serve.
please guide me and the solutions
regards
01 November 2020
No notice will be received in such a case. Voluntary filing will be accepted.
01 November 2020
THANK YOU SIR,
YOUR REPLIES AND PATIENCE VERY MUCH ACKOWLEDGED
REGARDS
YOUR REPLIES AND PATIENCE VERY MUCH ACKOWLEDGED
REGARDS
01 November 2020
You are welcome.......
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