Adjusting the previous advance amount received for a export of service that was later cancelled and can such amount be adjusted against the upcoming export of service to the same party .
Is this allowed aur not ?
If not pls let me know what is the way we can treat this transaction.
Export of service adjustment of advance amount
Kunal Ghode (Accountant) (53 Points)
17 September 2020
CAclubindia
