CA Samir Mehta (Audit and Tax Assistant) (27 Points)
19 April 2010I want to confirm that should i reverse the credit on goods purchased before one year and returned back
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 19 April 2010
when you purchase return then revers Duty credit taken at the time of purchase. clearly mention in your sales invoice rejected goods return under rule 16 of central excise. also give purchase detail like Bill no. and date of principle.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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