1. We are manufacturing Industry issuing our Final Goods as Samples through Excise Invoice after pmt. of BED, Value of Samples is in Lacs, is there any condition to charge Sales Tax on that typy of Invoices
2. Can we write off Debtors of above transactions because amount is not suppose to receive.
By this our debotors will not generate but our Sales will increase with samples value, at present we are passing following entry to write off both accounts (debtors & Sales)
First Entry: Dr. Debtors xxx.00 Cr. Sales-Sample xxx.00
(Through Sales Invoice Voucher in books to reduce the stock & to charge Excise Duty, in our case Excise duty is charged on per qty. not on value)
Second Entry through Journal Entry Dr. Sales-Sample xxx.00 Cr. Debtors xxx.00
(Through JV to write off both the accounts from Books)
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