Sales return after a year

Save Share

This query is : Resolved

Quick Summary

A business made a sale in March 2023 and filed GSTR-1 accordingly. The goods were returned in March 2024 due to non-payment. The seller is unsure how to document this return in GSTR-1 and GSTR-3, especially since the buyer refuses to issue a purchase invoice as they didn't claim ITC. This situation requires clarification on the proper GST procedure for handling such delayed returns.

akshay

akshay (Querist)
Follow

10 April 2024 I made a sale last year in the month of March 2023 for which I had filled gstr 1 ...
Currently due to non payment I took back my goods from the shop this year March 2024... As the duration for the same is almost a year So how should I show the entry of the return goods in GST -1 as well as on Gst-3?

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

10 April 2024 it is better to get a purchase invoice from the party.

akshay

akshay (Querist)
Follow

10 April 2024 Told him but he said I have not taken the ITC for the same so I won't be doing anything from my side .. so I need to figure out what can be done for the same

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now