Please note that our company is dealing in TShirts to our customers with excise duty paid.Some time the goods are retd by the customer.I wanted to know can we reverse the excise duty paid into our account.Also I want to know about VAT and CST.Whether can we reverse this also.
Please ask Customers (Dealer/Trader but not end customer) to return the T-Shirts with his own tax Invoice by charging the same price which you have billed. Take the credit of the same. For VAT/CST, you can knock-off this during Set-Off calculations.
For all Excisable return goods, please use 16(2) Rejection Register with proper STOCK.
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