Treatment of excise in case of sales return.
This query is : Resolved
Harsh Nathani
(Querist)
21 August 2012
What will be the treatment of Excise Duty in case of sale return? What will be the treatment of Excise duty paid by PLA or RG-23 A or C, during initial sale ?
U S Sharma
(Expert)
21 August 2012
1)sales return must be on invoice from buyer,
2) within 24 hrs of such receipt, you have to intimate the R/O
3) you can take credit in RG-23A part 2 of the original duty paid on the strength of the invoice received from buyer.
2) within 24 hrs of such receipt, you have to intimate the R/O
3) you can take credit in RG-23A part 2 of the original duty paid on the strength of the invoice received from buyer.
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