20 October 2009
Dear Sir/ Madam What is difference between Sale Return and Sale Rejection. As far as i know when goods return within 6 months of sale for Repair or replacement. and then goods sends through Challan bases then this return of goods will be considerd Sales Tax Return and When goods return either after 6 months of sale or not for replacement then it would be treated as sales rejection. if no then plz explain?
20 October 2009
Sales Return is a bilateral transaction as both parties agree for this. But Sales Rejection is unilateral transaction wherein only one party i.e. buyer is involved,,, Sales Return within 6 months is deducted
CAclubindia
