GST Applicability of Replacement Goods under DC
This query is : Resolved
24 January 2024
Sir,
I want know the Practical solution in respect of the following case. One of my client was a trader in building material. One of the product I have sold to the customer was damaged one and the same was returned. In that case I have settled the issue by issuing credit note in respect of the same and issuing the fresh sale invoice. As per conversation with supplier they have provided new item under delivery challan with zero value. I want to know the practical implication in respect of the same. How can we account this DC documents. Under GST this DC documents was enough for Replacement (DC does not show any tax portion and it was shown under zero percentage- whole value was shown as discount). Please provide an immediate solution.
I want know the Practical solution in respect of the following case. One of my client was a trader in building material. One of the product I have sold to the customer was damaged one and the same was returned. In that case I have settled the issue by issuing credit note in respect of the same and issuing the fresh sale invoice. As per conversation with supplier they have provided new item under delivery challan with zero value. I want to know the practical implication in respect of the same. How can we account this DC documents. Under GST this DC documents was enough for Replacement (DC does not show any tax portion and it was shown under zero percentage- whole value was shown as discount). Please provide an immediate solution.
25 January 2024
Where free replacement is provided to the customers without consideration under warranty, no GST is chargeable on such replacement. In such cases goods may be sent on delivery challan as provided in rule 55 of the CGST Rules, 2017.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
