TaxTMI 
TaxTMI 
difference between the sales turnover as per Excise invoices and VAT return.
01 Feb 2015 
3 Replies 
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Sales turnover reconciliation: identify excise duty inclusion, invoice mismatches, returns, jobwork and post sale adjustments to reconcile VAT.
Difference between sales turnover per excise invoices and VAT return must be reconciled by checking whether the variance represents excise duty and cesses or results from divergent invoice treatment. Verify whether excise values are gross (including duty/cess) and confirm invoice continuity. Typical causes include MRP versus commercial pricing, transportation/agent charges, purchase returns or rejected goods, job work or loaned goods, deemed manufacture or duty paid job work, and rebates or discounts applied after excise valuation. (AI Summary)
Difference between sales turnover per excise invoices and VAT return must be reconciled by checking whether the variance represents excise duty and cesses or results from divergent invoice treatment. Verify whether excise values are gross (including duty/cess) and confirm invoice continuity. Typical causes include MRP versus commercial pricing, transportation/agent charges, purchase returns or rejected goods, job work or loaned goods, deemed manufacture or duty paid job work, and rebates or discounts applied after excise valuation. (AI Summary)
Respected Experts, Good Evening to all. Sir, there is the difference of Rs. 249598 in the sales turnover as per excise invoices and VAT return. Sir, how to reconcile the excisable turnover. What may be the possible reasons. Pl. Reply. Thanks and regards sir.