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Reversal of Input VAT

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(Querist)
14 March 2009 Dear Sir,

we have booked the Purchase bill of vendor and after two months we have come to known that we dont need to pay the amount to the vendor because of defect in the material my question is that at the time of booking the bill we taken the input vat credit and accordingly we have taken the set off now we want to write off the balance amount of vendor The input vat credit taken is also need to be reversed on account of balance written off

Regards

Ravi Konda
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
14 March 2009 Rejected metarial send back to party through your invoice and mention (rejected goods return against your invoice no. *** dated***) it will automatically adjuste in your account.
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