We are doing manufature and sale of own branded garments and paying central excixe duty from fy 01.04.11. Since we are selling to retailers, there is regular sales retutrn from the parties. Kindly confirm whether we can take the cenvat credit on sales return made by retails. If yes what is the procedure and time limit for sales return
Thanks
Arul Murugan.M
Yes,
you can take the cenvat credit in Inputs,
after removal of return material you need to pay applicable excise duty.
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
