Excise/vat

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Krishan Sahay (Querist)
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23 December 2012 If any company based in Delhi sells the 640 bags of material to customer based in other Indian state. Suppose that,customer returns the 6 bags saying that it is of another grade and send back. We have taken back the matarial and credit is given to the customer . Is there any financial liability as for as taxes/other formalties is concerned ?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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23 December 2012 No tax libility on sales return. you can claim CST on sales return material. get debit note from party and claim it.

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