Hi,
Scenario is
We are issuing 100 kg material for subcontracting.
Suppose we are taking 10 Rs credit with respect to 100 kg value.
Vendor (subcontractor) send us 90 kg finish job and generate 10 kg scrap.
10 kg scrap will remain with vendor.
Now according to rule we can't take credit of 10 kg (Suppose 1 rupee )
How can I reverse or debit this duty on scrap (1 Rupee)
Thanks and Regards.
Prakash T.