Issue of document against material return
This query is : Open
Munish Kumar
(Querist)
14 August 2019
I think this is a big issue and many people are not clear about this matter.
We purchased material from a party of UP. After inspection some material is rejected and returnable to party amounting more than 1 Lakh.
Now please clear which document is needed to prepare by us(Buyer). Should it be Debit note or Sale Invoice.?
Also provide the name of related document needed to be send to Seller with rejected material.
We purchased material from a party of UP. After inspection some material is rejected and returnable to party amounting more than 1 Lakh.
Now please clear which document is needed to prepare by us(Buyer). Should it be Debit note or Sale Invoice.?
Also provide the name of related document needed to be send to Seller with rejected material.
CA PARTH SHAH
(Expert)
16 August 2019
Since you have bought the goods, and some material is returnable, you should prepare a debit note (accounts purpose). Seller shall prepare credit note (for GST purpose)
Alternately you can issue sales invoice to yuore seller of the amount of goods which you will return back.
Alternately you can issue sales invoice to yuore seller of the amount of goods which you will return back.
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