sales return in delhi vat

[Guest]

sir,  kindly advice if somebody purchased goods from me 2 years back and wants to return the same goods in the same condition.what will be the vat credit.can i treat the vat as in my input and the person who is returning the goods treat it like his output vat as he is also a registered dealer.    harjeet singh

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.

AI Summary

Sales return VAT treatment-whether seller may claim input credit and returning registered buyer must record output VAT. Query concerns whether a seller can treat VAT from a prior sale as input tax credit when goods are returned in unchanged condition and whether the returning registered purchaser must treat the return as output VAT; the provided record contains no substantive resolution.