Sales return
This query is : Resolved
Nadeem Siddique
(Querist)
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
How to account for this rate adjustment and any notification about goods return is GST pls specify
Thanks
CA S K MISHRA
(Expert)
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
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
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...
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
(Expert)
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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