Purchase Return (Debit Note)
This query is : Resolved
28 April 2021
We have issued debit note for purchase return in Feb’21 and issue e way bill but party has refused to take the delivery from the transporter office. We have already reduce our ITC by debit note.
We have re book material to our office in Mar’21.
What should we can do in this case? If GSTR-3B not file for the month of Mar’21
What entry to be passed in books for the same?
We have issued debit note for purchase return in Feb’21 and issue e way bill but party has refused to take the delivery from the transporter office. We have already reduce our ITC by debit note.
We have re book material to our office in Mar’21.
What should we can do in this case? If GSTR-3B not file for the month of Mar’21
What entry to be passed in books for the same?
CMA Poornima Madhava
(Expert)
28 April 2021
Since you have already reversed input tax credit, on tax aspect nothing needs to be done. Just pass a reversal inventory entry for receipt of goods. But, if you wish you cancel the debit note, you may do so and avail input tax credit back while filing GSTR3B.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
