Sales return under existing vat law
This query is : Resolved
M.GURURAJU
(Querist)
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
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
(Expert)
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
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
(Querist)
20 October 2017
Thank you very much sir
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