TaxTMI 
TaxTMI 
TaxTMI 
Dear all,
One of the sales invoice return by party along with original documents (Invoice date and returned in same month i.e May 2015). Kindly advise how to shown this transaction in ER1.
Regards
M.RamKumar
Excise Sales Return in same month
Mathurthi RamKumar
Recording Sales Return in ER-1 Form: Use Remarks Section, Follow Rule 16 for CENVAT Credit on Returned Goods. A user inquired about how to record a sales return transaction within the same month in the ER-1 form under Central Excise rules. The response advised that duty-paid goods returned by customers should be stored separately and recorded in a distinct register. The transaction can be noted in the remarks section of the ER-1 form, and CENVAT credit can be availed based on original documents. The response also referenced Rule 16 of the Central Excise Rules, which outlines procedures for taking CENVAT credit on returned goods and conditions for their subsequent removal. (AI Summary)