Hi All,
I need small clarification following:
1. Can a trader do the Purcase return
2. Can the Trading sales has been returned how do handle it.
3. If we are registered as trader can we take dicission our to pass on the excise credit or not to my customer. For example if item X if i sold to one customer with Excise invoice ie giving purchase and excise amount passed on details and to another customer without any excise ie. normal sales invoice with basic + sales tax.
| Originally posted by : KRK1974 | ||
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Hi All, I need small clarification following: 1. Can a trader do the Purcase return - Yes they can, 2. Can the Trading sales has been returned how do handle it.- simply return the materials by cancelling the original bill of purchase ( full consignment) or issue of invoice + debit note for part returns. 3. If we are registered as trader can we take dicission our to pass on the excise credit or not to my customer. For example if item X if i sold to one customer with Excise invoice ie giving purchase and excise amount passed on details and to another customer without any excise ie. normal sales invoice with basic + sales tax.- excise pass on is only for those buyers who are registered under excise, balance sales will not carry excise invoice, in 23D u have to make entries for only excise pass invoice entries |
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