What is the time limit of taking sales returns - is it 30 days/ 60 days or 6 months.
Regarding Karnataka VAT.
Where I can see the Act/ Rules regarding same.
Any Fiancial yera limit is there?
We have sale returns w r t sale of 27th March 2012. Is it OK?
The sales return allowed period is 6 months. Therefore your sales return date 27.03.2012 is eligible.
Please refer section 30 of the Karnataka Value Added Tax Act, 2003.
When you issue credit note, the party should issue a vat debit note for the same amount, which please note.