Treatment of Central Sales Return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2011 Kindly suggest me treatment of Central Sales Return. The actual sales of returned goods have been despatched in the M/o March, 2011 and the same is returned in the M/o May, 2011.

Thanks

Rakesh

Ram Avtar Singh

Ram Avtar Singh (Expert)
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03 June 2011 at time of sales return

sales return DR.....
Excise duty DR....
Edu.cess Dr.....
Cess S&H Dr.....
Cst Payable Dr.....

Party CR.....

for increase sale duty to be added in sale return

sales return Dr.....
Excise duty paid Cr....
Edu cess Cr.............
Cess S&H CR ..........

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2011 Dear Sir,

Thanks for your reply

But I want to know the impact on monthly return of said sales return for the m/o March, 11 or May, 11 or both and how to present in monthly return submmited in the Sales Tax Department.

Thanks

Rakesh

Sanjeev Kumar

Sanjeev Kumar (Expert)
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04 June 2011 sales made within state or inter-state are allowed as per VAT/CST rules within 3 months or 6 months respectively. u have to revise your relevant month or quarter return considering the effect of goods return. if goods return over the limit period as prescribed in the act, then there is no need to file revise return only have to enter in books.

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