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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details