SATVEER (executive) (137 Points)
25 July 2013DEAR EVERYONE,
COMPANY A IS A MFG OF IRON ROADS, IT SALES MATERIAL TO CO. B IN HIMACHAL PRADESH, WITH PAYMENT OF DUTY, NOW AFTER 2 MONTHS B RETURN SOME MATERAIL TO A THEN WHAT ARE ENTRIES AND PROCEDURE SHOULD BE FOLLOW, becuase party b is not regaistered with excise
Rajesh
(student)
(193 Points)
Replied 25 July 2013
Dear Satveer,
Kindly get Invoice from the B Company (like purchase invoice)
So, you can take credit of central excise .
else, issue the credit note
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 25 July 2013
Goods can be brought for any other reason. Thus, if goods are returned to assesee by buyer as they were in excess or if buyer refuses to accept the goods, the goods can be brought back. Cenvat credit will be admissible on returned goods.
CAclubindia
