https://www.taxtmi.com/forum/issue?id=4391 VAT credit for sales returns is allowed by deducting the returned goods' sale price from aggregate sales when satisfactory evidence is produced, commonly within a six month period measured from the invoice date or receipt of goods; administrations also require prompt clearance and physical recordkeeping for returned items. By contrast, rejected goods, not being accepted by the purchaser, are treated as no completed sale and fall outside the ordinary return time limit, so tax adjustment depends on the absence of a completed sale and supporting records. en-us Wed, 18 Jul 2012 18:14:47 +0530 Thu, 23 Jan 2025 15:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4391 VAT credit for sales returns is allowed by deducting the returned goods' sale price from aggregate sales when satisfactory evidence is produced, commonly within a six month period measured from the invoice date or receipt of goods; administrations also require prompt clearance and physical recordkeeping for returned items. By contrast, rejected goods, not being accepted by the purchaser, are treated as no completed sale and fall outside the ordinary return time limit, so tax adjustment depends on the absence of a completed sale and supporting records. Discussion-Forum VAT / Sales Tax Wed, 18 Jul 2012 18:14:47 +0530 https://www.taxtmi.com/forum/issue?id=4391