Purchase return and sales return
This query is : Resolved
01 December 2018
Hi
I need some clarity on some issues relating to purchase return and sales return in GST, I am working in FMCG company we had appointed a third party manufacturer, from him we purchase the goods according to the standards set by us and we will sell these goods to the stockists in the market, recently due to quality issue stockists had returned the stock to us and we had returned the stocks to Third party manufacturer, now my doubt is what is the procedure to follow in this situation under GST, we have to compulsorily return the goods through credit note and debit notes or we can do by issuing a normal invoices, all the stocks are supplied with in 6 months only, kindly explain the procedure from returning of stocks from stockist to us and from us to the third party manufacturer.
Thanks in Advance
A V Santosh Kumar
I need some clarity on some issues relating to purchase return and sales return in GST, I am working in FMCG company we had appointed a third party manufacturer, from him we purchase the goods according to the standards set by us and we will sell these goods to the stockists in the market, recently due to quality issue stockists had returned the stock to us and we had returned the stocks to Third party manufacturer, now my doubt is what is the procedure to follow in this situation under GST, we have to compulsorily return the goods through credit note and debit notes or we can do by issuing a normal invoices, all the stocks are supplied with in 6 months only, kindly explain the procedure from returning of stocks from stockist to us and from us to the third party manufacturer.
Thanks in Advance
A V Santosh Kumar
Rupesh Jain
(Expert)
01 December 2018
party issue invoice for return of goods and like you have to issue invoice issue to the mfg.
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