Goods returned to urd after removal of reverse charge mechan

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This query is : Resolved

Fiona Khanatore (Querist)

27 December 2017 Hi....if in Sept 2017 a purchase is done from an unregistered dealer. As reverse taxation is applicable , the assessee pays the reverse tax whilst filing his GST return.

If later on in October or November , the goods are returned to the urd and a credit note is received , will the assessee get
a) the refund of the amount paid under reverse charges
b) will that amount be adjusted against future GST / reverse charge payments
c) he won't get any refund / adjustment

CA S K MISHRA

CA S K MISHRA (Expert)

27 December 2017 For answer to your queries, you may refer following book
https://www.amazon.in/dp/194832105X

https://www.infibeam.com/search?q=gst+s+k+mishra&us=true

RAJA P M

RAJA P M (Expert)

27 December 2017 The RCM is only for the receipient hand. Also he will/is taken the Input on next month returns. So, No more ITC available in that URD Purchases...
Bcoz, The goods come in without tax and the same way the goods sent out without Tax...
The RCM related tax is the assessee's hand... No more effects.

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