Local sales return not getting deducted from gross amount
This query is : Resolved
29 October 2016
Dear Sir/Mam,
While filing new e-template of MVAT for 1st Quarter, the local sales return effected during the quarter is not getting deducted from the gross amount of Sales T/o during the quarter because of which the amount of sales tax payable for the said quarter is getting increased & the goods(NET+TAX) that are returned by the purchaser within stipulated time period under MVAT the benefit of payment of less sales tax is not available. Have tried the all the relevant transaction codes for local sales return but the value of sales return is not getting deducted from gross sales.
Kindly revert
While filing new e-template of MVAT for 1st Quarter, the local sales return effected during the quarter is not getting deducted from the gross amount of Sales T/o during the quarter because of which the amount of sales tax payable for the said quarter is getting increased & the goods(NET+TAX) that are returned by the purchaser within stipulated time period under MVAT the benefit of payment of less sales tax is not available. Have tried the all the relevant transaction codes for local sales return but the value of sales return is not getting deducted from gross sales.
Kindly revert
31 October 2016
You enter net amount in turnover column gross- returns
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