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Issue ID: 4397
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sales return / unfructified sales - diff

Date 20 Jul 2012
Replies 2 Replies
Views 20428 Views
Unfructified sales: transactions void ab initio where goods are not taken or conditions unfulfilled, distinct from sales return.
Sales return is a reversal of a completed sale where goods are returned for reasons like inferior quality or wrong quantity; unfructified sales are transactions void ab initio because essential conditions were not met, payment was not made, or the buyer did not take delivery, and thus the sale is treated as never perfected. (AI Summary)

Sir,

waht is difference between sales return and unfructified sales in relation with SALES TAX ANGLE.

 

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