Mvat on exchange of new goods against goods sold

Hi,

Based on your query, it seems that you are talking something about replacement under Mvat Act.

1.) There is no concept of replacement under Mvat Act.

2.) Goods can be rejected but cannot be replaced under certain situations based on the nature of goods.

2.)  Sales return done after 6 months from the billing date do not qualify for sales return and hence taxable.

Conclusion: In your case you are exchanging some goods after six months so you need to charge / pay Mvat on the same and same will be counted as fresh sales / purchases.