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Invoice raised ,amount not received but tds credited

This query is : Resolved 

17 June 2014 Hi all, Our client has raised invoice for rendered services and Tds credited to his PAN Account in time.But he has not received the amount either by cash or cheque till year end.In the next financial year the invoice got cancelled. How to treat the invoice amount and tds? Shall I go as per AS-4?

17 June 2014 You should make and entry of reversal of invoice and tds amount.

20 June 2014 you can reverse the same in next year.




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