Hello
Whether Purchase Return have to be shown in RG 23 part 1 ??
Hello
Whether Purchase Return have to be shown in RG 23 part 1 ??
Yes,
As Purchase return of Finished goodss are considered as Deemed Inputs, it should be shown separately in RG 23 A Part 1 for the Finished goods returned.
with regards,
Subramanya
If goods purchased by organisation are returned by organisation, then how it could be Deemed Input??
Dear CA Mehul,
Sorry..
I understood your query incorrectly.
CAclubindia
