Material reject by customer

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Anil (Querist)
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02 March 2012 R/Sir,

We sold some material to our customer with Excise Invoice. But the Customer reject that material and sent it to us return with their Gate pass only alongwith our Invoices. Please tell me that can we reversed the cenvat of that Invoice.

Guest

Guest (Expert)

02 March 2012 It will be treated equivalent to purchase & cenvat credit can be taken on the basis of invoice issued.

Anil

Anil (Querist)
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04 March 2012 Can we take cenvat in RG 23A part II, without Party Invocice? how can i take cenvat credit on our invoice? What will be the entry in RG-1 and RG-23A part II?

CH.LN.Sastry,MCom, LLB, M.Phil

CH.LN.Sastry,MCom, LLB, M.Phil (Expert)
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05 March 2012 RG 23 Part II, you can take credit with the returned invoice (i.e. your invoice).

Actually RG 23, Part II is not a statutory register you need not to maintain, its optional to yours. whatever you taken in your accounts is sufficient.

Anil

Anil (Querist)
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05 March 2012 It means that we will not show the sale of above material. Please give me the detail of Statutory registers which we need to maintain.