Sales return

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Nadeem Siddique (Querist)
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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)
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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)
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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...

Dibin Divyakumar

Dibin Divyakumar (Expert)
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28 December 2017 Return also @ 28%, As net there is no sale so why should govt earn when there is no supply.

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