CAF-2 · Chapter 18 · Question 10 of 15
A registered supplier made a supply to an UNREGISTERED person. The unregistered person subsequently returned the goods due to defects. What is the specific procedural requirement for the supplier to adjust their sales tax return via a credit note in this situation?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C) The seller must obtain prior approval of the Commissioner for the preparation of the credit note.
Explanation
A new proviso requires the seller to obtain prior approval of the Commissioner for preparation of a credit note in case of cancellation of supplies or return of goods by an unregistered person.
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