Sales return under UP VAT

Hi All,

Suppose we have paid sales tax liability(including SDT) on sales made under UP Trade Tax. Afterwards we have got sales return on which we have paid sales tax liabilty. Since VAT is operative in UP wef 1.1.2008, How can we adjust the sales return in our return to be filed under UP VAT?

Raman

Replies (1)
For Sales return U have to pass the following entry. Sales Ret Dr Input Credit Dr (VAT value) Party a/c Cr

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