Sales return under existing vat law

This query is : Resolved

M.GURURAJU (Querist)
Follow

18 October 2017 Dear Sir/Madam

We have supplied material to our stockiest in the month of May'17 under CST. Now they are returning the some of the items/stock to us. Whether they have to raise GST Invoice or purchase return, if they raise GST Invoice shall we get ITC for the same or not?

Please clarify, thanks in advance

Ashish Garg

Ashish Garg (Expert)
Follow

20 October 2017 If they are registered in GST law than they have to raise gst invoice for the purchase return. Same shall be available as itc to your company

RAJA P M

RAJA P M (Expert)
Follow

20 October 2017 @ Mr. M GURURAJU., Purchase return is not advisable. You ll be get back it as Purchase then only it's chargeable GST.... If you receive as purchase return then he/we debit to previous ref bill. The previous bill is under VAT also tax portion ll be debit in VAT.... So, In my view you ll get back as Purchase bill... Regards P M RAJA

M.GURURAJU

M.GURURAJU (Querist)
Follow

20 October 2017 Thank you very much sir

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