I Purchased Goods by paying 14% Excise Duty susequently the rate got changed to 8%. If i return back the material after rate got changed to 8% then what is the rate i should charge in the purchaes return Invoice ? 14% or 8%
N V Ram (Manager) (272 Points)
25 May 2009I Purchased Goods by paying 14% Excise Duty susequently the rate got changed to 8%. If i return back the material after rate got changed to 8% then what is the rate i should charge in the purchaes return Invoice ? 14% or 8%
CA Lovenish Bansal
(JOB)
(343 Points)
Replied 30 May 2009
As per CCR rules if inputs are removed as such same duty has to paid
Thanks,
Lovenish Bansal
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961