Sales Return

Sales Return

A product given back to the seller for a refund, usually due to a defect or malfunction. Sales returns reduce a seller's revenue and may also reduce a salesperson's commission.
References in periodicals archive ?
Felix Brautigam, Jaguar Land Rover Chief Commercial Officer, said in a statement, "While challenging conditions continue to impact other regions, we were pleased to see sales return to growth in Britain where we are outperforming the market aided by higher sales of the new Range Rover Evoque, Land Rover Discovery, Jaguar I-PACE and the new Jaguar XE." (ANI)
These forms would replace GSTR-3B (summary sales return form) and GSTR-1 (final sales returns form).
The balance sheet reflects the cumulative impact of adoption using the modified retrospective method as well as the impact of recording the sales return allowance on a gross basis rather than as a net liability.
Its sales increased by 361 per cent from just 513 cars in 2013 to 2,326 in 2014 - a year which saw UK car sales return to pre-recession levels.
THE auctioneer's gavel will be busy again at Sheffield on Sunday when British Combined Greyhound Sales return to Owlerton.
Material is in chapters on basic structures of the SD Module, master data maintenance, basic functions, sales, shipping, billing, sales return, and miscellaneous topics.
Taipei, July 15, 2009 (CENS) -- Delta Electronics, Inc., one of Taiwan's leading manufacturers of power supplies, recently announced its June sales return to the NT$10 billion (US$303.03 million at US$1:NT$33) level with a 8% growth from the preceding month, hitting the highest monthly record since the beginning of this year.
The Using This Workbook tab in the workbook guides you step by step through an evaluation of our sales return dataset.
The sales return and reduction of accounts receivable in the amount of $310,000 should have been recorded before year-end.
Besides, the CBIC has also allowed businesses to correct any error or omission in the filing of the final sales return or GSTR-1 for the period July 2017-March 2018.
Summary: New Delhi [India], May 30 (ANI): The All India Tax Advocates Forum (AITAF) has expressed serious concern over growing trend of sending of scrutiny notices by the GST authorities to asseessees for mismatch between tax payments and final sales return even before the whole process of tax liabilities is completed under the GST rules and regulations.
Weiser adds however that medium-to-longer term investors should use any post-earnings weakness as an opportunity to accumulate shares, contending that the broader impact of Toys R' Us on 2018 should be "minimal" while sales return to mid-single digit growth going into the release of the new Frozen film in 2019.