Excise goods return/rejected

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 April 2016 Dear sir,
I had removed the excisable goods by paying duty through PLA but goods has been rejected and return back in factory... please let me know should i reverse the sale entry on receipt of debit note in tally..i.e.
Sale DR....
Vat DR.....
ED DR....
To party.....

If not then turnover become raised

Regard
Sumit Sharma

18 April 2016 Once goods return back to your premises then you have make reversal entry of sale in your books of accounts.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 April 2016 Ok... will ED be also reverse (credit) in PLA or cenvat will be availed if cenvat then can i credit the ED in cenvat register,

Plz guide,

18 April 2016 Yes you can avail cenvat credit.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 April 2016 Sir.. to avail cenvat credit can i credit the ED in cenvat register on return of goods,

Plz reply..

29 April 2016 yes you have to take credit in RG 23A and month end you use for payment of duty for this month.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details