How to adjust VAT added with Stock Transfer Invoice by Mistake....

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  1. Neha Agarwal

    Neha Agarwal Member

    By mistake, Vat output 5% is added in stock transfer invoice raised on 10.09.2014. I want to know in that case what I need to do? should I deposit the Vat added in Stock Transfer invoice or make no entry in Tally. What will be the processor to handle this situation?
    Note:- Stock transfer Invoice Can't be cancelled?

    Its urgent..............
     
  2. VAT is not applicable on stock transfers.
     
  3. Neha Agarwal

    Neha Agarwal Member

    I know, but due to mistake it was applicable, when consignment was on a copy of invoice of stock transfer was kept by sales tax officer & submitted in sales tax office in kanpur, Consignor is from Lucknow. I want to know whill will the processor to tackle this prob, but Invoice which already generated can't be cancelled nor a fresh invoice be generated after destroying the original copy of invoice which has Vat value because its already submitted in sales tax office. if any one don't know plz discuss with you adviser & help me out????????


    waiting for response.................thx.
     
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