sales return of vat item
Sumit Jain (1 Points)
12 July 2017plz guide
Sumit Jain (1 Points)
12 July 2017
Muthukkumaran
(Consultant)
(204 Points)
Replied 12 July 2017
In case of goods sold to registered dealer then ireturn would be considered as supply and gst to be charged.
In case of sale made to unregistered dealer and since goods are returned within 6 months the vat paid can be claimed as refund.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)