banner_ad

Treatment of sales return in er-1

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 June 2014 Dear Sir/Mam,

What will be the treatment of duty and quantity in the ER-1 return in case of sales returns of excisable goods?
Profile Image

Sudeep

Profile Image

Sudeep (Expert)
12 June 2014 In ER-1, you have to connsider the sales return akin to purchase.

For example, Rs. 120 is sales and sales return is Rs.20.

Purchase is say Rs. 60.

Then you show sales as Rs. 120 and purchase as Rs. 80 (60 +20). You can take credit on entire Rs,80 of puchase & Sales return.

Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
16 June 2014 you can take as purchase of goods.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details