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Sales Tax Wrongly Deposited
08-21-2003, 05:04 PM
Post: #1
Sales Tax Wrongly Deposited
How can Sales Tax deposited wrongly adjusted in next period , for example if an invoice wrongly generated and sales tax has been deposited to Govt. treasury, subsequently client has refused to accept the invoice cos it didn,t avail the services.

How can a service provider adjust the above GST in his subsequent sales tax return.



Edited by - ayub on Aug 21 2003 122010 PM
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08-21-2003, 07:05 PM
Post: #2
 
Dear Ayub,
This can be done as,
you just access that party to whom you have wrongly issued invoice, ask them to write you a letter mentioning that "you have billed us for the services which have not been availed by us", on the basis of this letter you will have to issue a credit note in the favour of that party. Now you will be able to Debit your income (Treat it like sales returns)

Now you can claim the adjustment on the basis of above. but i would like to mention that the rejection chances are 80 to 90 % <img src=icon_smile.gif border=0 align=middle>

S M R
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