Sales Return

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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 ?
Further scrutiny of sales returns for the period July 2018 to March 2019 vis-a-vis July 2017 to March 2018 revealed certain anomalies that total purchase had increased by 15 per cent for the period of July 2018 to March 2019 as compared to the corresponding period of last year.
However, in the recent order the CBIC has mandated that ITC claims would have to be matched with GSTR-2A, which is auto-generated by the systems based on sales returns filed by suppliers.
These forms would replace GSTR-3B (summary sales return form) and GSTR-1 (final sales returns form).
Q: Small businessmen in India have been facing difficulties in filing sales returns under the GST law.
Sales returns to Mills Fleet Farm's board and serves as a special advisor to the company's management team.
WAFA added that sales returns will go to support the Palestinian people as part of official and Bahraini people's support to the Palestinian people.
We all know that there has been a decrease in production, and I hope that in the future this will lead to improved sales returns.
Some shops will not accept sales returns but should warn you at the till.
The fiscal 2007 year-to-date net sales results include the $452 million adjustment to the sales returns reserve.
"The students have increased their knowledge on a range of consumer issues, in particular, disputes over sales returns."
While our workbook can be used in many situations, we selected the setting used by the internal auditor quoted above, who investigated sales returns at a retail store.
Overall, sales returns from the 23 European Union and three EFTA countries totalled 1.29 million in May, a 1.7 per cent decline in comparison with the same month last year.