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Former Member
Dec 08, 2009 at 06:16 AM

Reversal of Subcontracting challan

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Dear All,

I want to reverse subcontracting challan as challan return date is of past. It is excisable. What will be the impact on modvat? Where can i see the reversal entries. Also what will be the impact of recredit. Can anybody provide detail process with accounting entries.

Thanks in advance