Purchases returns

This query is : Resolved

Kollipara Sundaraiah (Querist)
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12 October 2020 A gst registered regular scheme dealer purchases of 18%tax rate goods Dt:10-09-2020 invoice value Rs:2,36,000/-. from mr. A if dealer same tax rate goods invoice value Rs:2,36,000/- return goods to supplier Mr. A( same dealer) on Dt:15-09-2020.
Question:
Dealer this transition treatment in gst act.

Sagar Patel

Sagar Patel (Expert)
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13 October 2020 If you are returning (i.e Purchase Return) same Goods to Mr.A , than you have to issue debit note....And if it's your sale to Mr. A than you have to issue Tax Invoice....So, tax treatment is purchase return or Sale respectively, as the case may be.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 October 2020 It's only A has to issue credit note as per GST provisions.

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