Mvat goods return on 15-16 in april 2016
This query is : Resolved
Anand Gangji
(Querist)
12 April 2016
In case goods sold in 2015-16 are returned in April 2016, goods were sold @5% then in CN at which rate 5% or 5.5% vat should be reversed.
Prakash Kochar
(Expert)
13 April 2016
If goods are returned within 6 month , 5% reversal.
Rupesh Jain
(Expert)
25 April 2016
its rate will be @5%, goods return with in 6 month.
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