By Nusrat Abbas on 07 July 2020
If in case, company filled cases against its few customers and output/recovery is uncertain. it can be/can not be and there is no realistic & defined time period of recovery.
1. Company has not writen off as Bad Debt but can provide provision for bad debt in future but did not provide provision yet. Debts are overdue more than 6 months
Company can make Adjustment of VAT Now if non of anything happened as per Point No.1?
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