Sales return

This query is : Resolved

Nadeem Siddique (Querist)
Follow

27 December 2017 I sold goods on 26.08.2017 when GST rate was 28%, Now the said good is return on 26.12.2017 when GST rate on said item is 18%.

How to account for this rate adjustment and any notification about goods return is GST pls specify

Thanks

CA S K MISHRA

CA S K MISHRA (Expert)
Follow

27 December 2017 This is to be adjusted by way of issue of Credit Note.
For detailed procedure, refer the following book

https://www.amazon.in/dp/194832105X

https://www.infibeam.com/search?q=gst+s+k+mishra&us=true

RAJA P M

RAJA P M (Expert)
Follow

27 December 2017 No more notifications about the Goods Return. It's common think...
We booked the goods rturns from the same way of originals...
If you are sell the goods @ 28% then the goods are returned as Sales Returns as per time limit then you can receive it @ 28% Tax Rates...