12-24-2010, 06:26 PM
The party has booked the partial invoice and already made payment. Our Sales department over looked the matter and now in books of account we have shown the reverse entry but the only issue is sales and special excise duty for return which we could not claim as they refused to raise the debit note. Now in this situation our company has to bear the cost of sales tax and SED. I have checked the Sales tax act which says you must have debit note if the goods are sold to registered person.
