Future sales

This query is : Open

siddesh ainapur (Querist)
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23 August 2013 i have issued tax invoice to my customer in march 13 and declared in monthly sale tax return and paid sale tax also. due to shortage of specific item, i have purchased and supplied said item in april 13. how do i account said transaction whether should i take in march sales or april sales.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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23 August 2013 Without having Purchases/stock if you are issuing any tax invoice, the point is beyond the understanding of even a common man. The sale completes when the risk is transferred to the buyer.
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In Sales tax there must be a concept of Sales Return also to take credit. (I am not much aware about the VAT law).
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Please wait for the expert opinion.
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