Sales return

This query is : Resolved

Sudhir Vij (Querist)
Follow

10 August 2011 How to treat sales return in excise ER-1 return.
Qty. Mfd. Qty. Cleared Ass. Value
10 10 10000/-

Now 2 pcs are returned with assessable value, what should be the treatment of sales return?

U S Sharma

U S Sharma (Expert)
Follow

10 August 2011 ER-1 is return of goods manufactured and cleared, such sales return will not be reflected in either ER-1 or DSA(RG-1)

for returned goods, you have to intimate the R/O within 24 hours of such receipt at factory, with documents issued by buyer (invoice, where they have reversed the cenvat credit taken), and after verification the R/O will allow you to take credit in RG23A-part 2. goods would be entered in RG-23A part 1

as you have not shared the reason of return, discuss the reason of return with R/O , he will advise you the procedure for next invoicing.