Dear all,
The unit recieved sales returns and the same can take as VAT input(set off) in VAT returns?
I unable to find this provision.
1 Replies
suresh
(Cost Accountant)
(33 Points)
Replied 11 April 2009
| Originally posted by :Sai Krishna | ||
| " |
if your sales returns are within 6 months from the month in which sales inovice has been issued. u can take the vat by way of debit/credit notes. beyond six months you cannot take the credit. Section 30 of KVAT Act deals with the same. |
" |
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