How to tackle indirect taxes in case of returned goods??

This query is : Resolved

VIKASH KUMAR JAIN (Querist)
Follow

22 September 2013 Suppose I sold or removed goods after paying sales tax and excise duty.Later on the same goods were returned by cr. note but my liability of tax were already paid and returned were already filed before goods return.How to adjust this issue practically in book and return???

Guest

Guest (Expert)

22 September 2013 Dear,

you can adjust liability to that extent payable when such cr note received..

means you dont require to adjust and revised return of original goods sold period.