24 March 2014
GOOD AFTERNOON AL EXPERTS, I WANT TO ASK PURCHASE RETURN IN CASE OF EXCISABLE UNIT.WE ARE EXCISABLE UNIT. WE PURCHASE SOME MATERIAL FROM GAMUT ELECTRONICS.IHIS IS ALSO EXCISABLE UNIT.BUT DUE TO IQC ISSUE. WE WANT TO RETURN THIS MATERIAL TO PARTY.BUT VANDOR SAYS THAT PLEASE DO NOT RETURN GOODS AS DEBIT NOTE. PLEASE RETURN GOODS IN SALES VOUCHER. MY QUERY IS THAT WHAT IS DIFFERENCE BETWEEN DEBIT NOTE AND SALES VOUCHER IN CASE OF EXCISABLE UNIT.
24 March 2014
If the buyer rejects the goods after availing cenvat credit, he should return the goods on the strength of his invoice. This invoice can be duty paying document for availment of credit. No need to issue invoice if no cenvat credit availed.
CAclubindia
