VAT

hi

if you have purchased machine and did not raise GRN & Account Bill.

then you can issue a debit note & debited the party & credited the assets

it will less your total assets

firstly you have to raise a GRN. we must raise GRN in the same day

otherwise it will create in Internal Audit

now raise GRN before the date of returning & then return the goods

& which bill you get from suppiler. VAT nust be shown on the bill as a seprate part other wise you cant take input of this.

Thanks

Dear all

Once  u send the machinery for repair / jobwork  with  your Delivery challan 

it  will be return after job work process.No need to charge tax in either way.

After repair of goods the original tax invoice will holds good.

Input  cenvat / kavt  credit to availed  only after machine put into use ( installation date be recorded)

U treat  as   repair  not   replacement .

regards

dear

when we purchase any thing we purchase any thing we have to entered it in our purchase book or fixed assets book

in this case we havenot raised GRN so fixed assests are same & how we can credited our machine it will less our assests