Procedure for sales return

[Guest]

what is the procedure to account sales return in case the order is cancelled.

 

[Rajesh Nathoo]

Dear Mr. Sunil banderkar ,

U can take the cenvat credit on the duty paid by u while u have removed the goods.  Original invoice issued by u is  the valid document on which u can take the credit .  It should reflect in ur  other records that said goods have been received in the factory as such .

AI Summary

Clarification on claiming CENVAT credit for sales returns: use original invoice if goods are returned in original state. A query was raised regarding the procedure for accounting sales returns when an order is canceled, specifically concerning Central Excise. The response advised that CENVAT credit can be claimed on the duty paid when the goods were initially removed. The original invoice serves as the valid document for this credit, and records should clearly indicate that the goods have been returned to the factory in their original state.