Vat bad debt
About two years ago, our client issue one sales tax invoice AED 10 million, but our client only get the payment of 1 million from their customer. There are 9 million their customer will not pay. So our client wants to treat it as bad debt and want to reverse the output VAT which they have paid to FTA before.
How i can reverse the sale output VAT due to bad debt? And the procedure and documents required?
29/09/2020 09:46:36
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