Goods return impact

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 Hello,
If we replaced goods to debtor what will be accounting & Taxation. Please guide.
Thanks in Advance.

CMA Ramesh Krishnan (Expert)
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27 November 2014 You can account the Sales return accordingly declare in the VAT return. VAT act allows only the goods returns with in 6 months.

Message likes : 1 times

Rupesh Jain (Expert)
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28 November 2014 you have to books sales return and then you have to book as sales.

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