Vat on rejected material

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Sir,

How to claim vat amount on the rejected material in vat return,

if vat amount specifically not mentioned in the customer excise

invoce. (sent with rejected material)

One of our customer rejected and returned the material along with

excise invoice with out mentioning the CST amount. But while making

payment, they have deducted the amount including CST. How to

reverse the rejection including CST in vat return.

with regards

mala

 

Replies (5)

You can request to party to issue a debit note to you, and you have also issue a credit note to the same...

Dear All experts

in how many month or how long , input credit can be taken on rejected material/ material return by any way

Sir,

 According  to the Circular issued by CTTO  Sec.30 was ommited by the karnataka Commercial Tax Dept.  In that they have clearly mentioned that  "In the obsence of  this specific provision, any document issued by the dealers as required under any law or accounting standards would be sufficient to explain any subsequent changes in the amounts originally shown in the tax invoice".

Hence, any document we receive should contain all the details required by CTO. So, if tax amount is not at all mentioned in the goods returned invoice, what we have to do ?

Sales Return are permitted to consider in vat return if these returns/ rejected are within 6 month from the date of sales. so request party to issue debit note for the same.


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