I am creating a delivery from my plant A for Customer X, now for any damn reason customer rejects my goods without making a GRN and I am forced to create a return delivery. Now my question is when I sold this material, I have amount of duty standing in my duty payable in Plant A. Now I change plant in my return delivery as plant B, as taking back the material in plant A will screw me because freight will be more that the value of material. Can I take the input credit on the rejection in plant B if I transfer my payable with a JV to plant B ?
Menu
Duty Credit on Sales Return
Replies (2)
No you cannot
Dear Umesh,
U can't credit taken in your Plant "B". if u r credit taken in plant "B" it is illegally & if it is shown by any excise office may be he gives u a SCN.
himanshu.
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
