Debit note

This query is : Resolved

Krishna Joshi (Querist)
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02 January 2020 I have issued a debit note for returning the goods worth Rs 40000 and charge gst @ 5 % which Rs 2000 , the total amount is Rs . 42000. But my supplier is not ready to pay the total amount Rs 42000, he is ready to pay only the amount of goods Rs 40000.WHAT SHOULD I DO IN THIS CASE .

PLEASE SUGGEST ME.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 January 2020 Consider 40000 inclusive of 5% GST. Obtain credit note for this.

Krishna Joshi

Krishna Joshi (Querist)
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08 January 2020 i already issued a debit not and the gst amount of rs 2000 . is not being paid by the supplier.
if i have to reverse the tax amount of returned goods then the burden of tax amount is come on me...
so please suggest me what should i do..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 January 2020 Your reversal is based on credit note issued by supplier.

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