Purchases returns

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the GST treatment for purchase returns. When returning goods to a supplier like Mr. A, you must issue a debit note. Conversely, if you are selling goods back to Mr. A, a tax invoice is required. The supplier, Mr. A, is responsible for issuing a credit note as per GST regulations.

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
Follow

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)
Follow

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.