Rg 23

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Hello

Whether Purchase Return have to be shown in RG 23 part 1 ??

Replies (3)

Yes,

As Purchase return of Finished goodss are considered as Deemed Inputs, it should be shown separately in RG 23 A Part 1 for the Finished goods returned.

with regards,

Subramanya

If goods purchased by organisation are returned by organisation, then how it could be Deemed Input??

Dear CA Mehul,

Sorry..

I understood your query incorrectly.

 


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