Excise goods return/rejected


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Querist : Anonymous

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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

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

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Querist : Anonymous

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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,

Dipesh (Expert)
18 April 2016 Yes you can avail cenvat credit.

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Querist : Anonymous

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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..

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


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