Local goods return after 6 months

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2014 Dear Experts my qsn is that we received debit note for goods return dated of invoice as on 1/9/13 and dr .note issued on 31/3/14. So how i should pass entries for that. can we claim tax credit.?

Rupesh Jain

Rupesh Jain (Expert)
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05 April 2014 after receiving the goods you can take credit of vat with in 180 days from date of invoice /debit note

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2014 BUT I THINK ACCORIDING TO DVAT WE CAN CLAIM THE TAX CREDIT ONLY FOR SAME TAX PERIOD FOR WHICH INVOICE IS ISSUED. AND I THINK 180 DAYS APPLIES TO CST MATTER NOT FOR LOCAL SALE RETURN.

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