Purchase return
This query is : Resolved
08 June 2018
Somebody told that...If you have Purchase return, you can issue a normal sales invoice to the seller party. No issue. Is it right ...can we show as sales , at the same purchase rate ?
kindly clarify...
kindly clarify...
08 June 2018
You can do that there is no restriction as such.
instead of receiving credit note from the supplier (this option your purchase value will reduce), you will issue tax invoice treating the same as outward supply. In the second option, to the extent of such tax invoice, your turnover will increase in your books of accounts.
instead of receiving credit note from the supplier (this option your purchase value will reduce), you will issue tax invoice treating the same as outward supply. In the second option, to the extent of such tax invoice, your turnover will increase in your books of accounts.
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