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Sales return

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2012 I'm wotking as an Accoutat in a manufacturing co.I made a Sales Bill of 50 pcs Shirts in the month of May 2012, I've paid VAT Quarterly, but now the customer has send us 3 pcs return, I've issued a credit note to the customer including Vat. Will i get set off in the next quarter of VAT Payment.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 September 2012 Yes. Sales return with in 6 months will be allowed in the tax return. you can claim the same in current quarter return
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
18 September 2012 agreed with expert
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