Excise goods return/rejected

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2016 Dear sir,
I had removed the excisable goods by paying duty through PLA but goods has been rejected and return back in factory... please let me know should i reverse the sale entry on receipt of debit note in tally..i.e.
Sale DR....
Vat DR.....
ED DR....
To party.....

If not then turnover become raised

Regard
Sumit Sharma

Dipesh

Dipesh (Expert)
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18 April 2016 Once goods return back to your premises then you have make reversal entry of sale in your books of accounts.

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2016 Ok... will ED be also reverse (credit) in PLA or cenvat will be availed if cenvat then can i credit the ED in cenvat register,

Plz guide,

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Dipesh

Dipesh (Expert)
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18 April 2016 Yes you can avail cenvat credit.

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2016 Sir.. to avail cenvat credit can i credit the ED in cenvat register on return of goods,

Plz reply..