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Purchase entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 August 2013 Dear sir/madam

we receive a raw material in the month of june. the seller send us the invoice in which buyer name of our sister concern company, by mistake i also enter the purchase entry in our books. invoice had both vat & excise amount. we file return of both vat & excise for 1 qtr. please tell us the solution for this.

My email id is gauravkhp@rediff.com

02 August 2013 You can reverse Cenvat Credit and VAT Credit in Next Month / Quarter REturn and your sister concern take that credit in their books.



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