CA Krishna Chaitanya M (Chartered Accountant) (463 Points)
28 June 2013sales made in the month of feb 2013, but goods returnd in the month of may 2013 credit note also dated in the month of may 2013, while preparing books of accounts for financial year 2012-13, sales retunrned in the month of may 2013 are not considered (not deducted from sales), is it correct ?
i want to know correct treatment of sales returns for vat return purposes.... filing revised return for feb 2013 or claiming sales returns for may 2013 ?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5134 Points)
Replied 30 June 2013
Claim can be done in the month of May, 2013. only. Sales return can be shown in the Month of May, 2013. but NOT February, 2013.
CAclubindia
