Vat price difference

Others 343 views 1 replies

Sirs,

please suggest  on accounting VAT Rectification entry.

Our party has given us order with inclusive of Tax whereas erroneously invoice has been raised with exclusive of Tax in FY 13-14 , this we came to know in 14-15. please help  how to pass the entry for  difference amount.

 

Replies (1)
Show sales return in current year I.e 14-15 and reverse the amount.


CCI Pro

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