Gst credit input

Page no : 6

rajni sharma (none) (444 Points)
Replied 31 July 2017

Dear Sir,

If we sale in May month and material return in July.Does that material will return with GST or how can we take benefit of that sales return?

Thanks & Regards,

Rajni

RAJA P M ("Do the Right Thing...!!!") (127417 Points)
Replied 31 July 2017

Originally posted by : rajni sharma
	Dear Sir, If we sale in May month and material return in July.Does that material will return with GST or how can we take benefit of that sales return? Thanks & Regards, Rajni

You can receive as per GST. No way for other taxes.

(you can receive as sales/purchase. Its good way)

1 Like

rajni sharma (none) (444 Points)
Replied 31 July 2017

SIR PARTY WILL SEND AS SALE...IF GOODS RETURN WITH GST THAN HOW CAN WE ADJUST THE SAME...WE HAVE FILED THE 1Q RETURN AND CLAIM REFUND....

RAJA P M ("Do the Right Thing...!!!") (127417 Points)
Replied 31 July 2017

Originally posted by : rajni sharma
	SIR PARTY WILL SEND AS SALE...IF GOODS RETURN WITH GST THAN HOW CAN WE ADJUST THE SAME...WE HAVE FILED THE 1Q RETURN AND CLAIM REFUND....

So,

I said you can receive Purchase Invoice under GST.

If you can receive Sales Return, Sale Value + VAt = Total. Where the Buyer/Seller can adjust the VAT amount...?

You can receive the same as GST vide invoice then you can claim GSt Taxes.........

1 Like

rajni sharma (none) (444 Points)
Replied 31 July 2017

SIR IF RECEIVE AS PURCHASE INVOICE THAN WHAT WE DO OF THAT RETURN MATERAIL?THIS WILL IN OUR STOCK THAN WHAT IS TREATMENT OF THAT RETURN STOCK?

WE CAN SELL OFF AGAIN WE PROVIDE FINISHED GOODS TO MATERIAL WITH NAME PRINTED ON IT....

Eklavya Dhyani (9 Points)
Replied 06 August 2017

can we take input credit on sale of second hand capital goods..?

Eklavya Dhyani (9 Points)
Replied 06 August 2017

can we take input credit on sale of second hand capital goods..?

Eklavya Dhyani (9 Points)
Replied 06 August 2017

can we take input credit on sale of second hand capital goods..?

Hi MaNs U SingLe (58 Points)
Replied 07 August 2017

input credit available on purchase not sale / if you purchase capital goods ( old or new this is not matter) and you want this goods capitalised in your books then input credit not available for more clarification read section 17