Cancellation of GST/VAT


Joined
Jun 21, 2019
Messages
1
Reaction score
0
Country
Singapore
Hi everyone,

My company had cancelled the GST/VAT from the goverment.
We left huge amount of unsold inventory,all of the inventory claim as input tax previously.
Now IRAS(tax collection government) require us to accounted it as Output tax.

So does anyone know the correct account entry?
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top