treatment of VAT by dealer in case of sales return to him
This query is : Resolved
Jessika Arora
(Querist)
14 July 2008
What is the treatment of VAT by dealer in case of sales return to him? Is there any condition ( such as time period 6 months or so ) during which, sales return, if take place, will provide benefit of credit to the dealer. Could the dealer take benefit assuming he has deposited the amount of VAT on the due date,before the sales return take place.
CA. O.P. Agarwalla
(Expert)
16 September 2008
In which State?
In Assam, output VAT on goods returned within a period of six months can be adjusted against the output VAT.
In Assam, output VAT on goods returned within a period of six months can be adjusted against the output VAT.
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