Skip to Content
0
Former Member
Dec 02, 2009 at 07:58 AM

Sales Return from Customer after 180 days

75 Views

Hi,

I have a requirement on sales return, if the return is done after 180 days, government does not allow to adjust the respective tax amount relating to that return goods.

For example:/sales invoice:

Customer Dr 110

Tax Cr 10

Sales Cr 100

In case of return this entry will reversed (if it is partial partial amount will be reversed).

Requirement:

If the return is happened after 180 days, tax reverse can not be accepted.

In this case what is the scenario.

1. Is this tax amount goes to Tax expnese account (Dr P/L account)

2. Is this tax amount added to Material Stock value

Please update me which more details.

Thanks

Partha