Under GST, there is no term as purchase or sale. It is inward supply and outward supply. All purchases are deemed to be inward supply and sales as outward supply. Under composite scheme, inward supply can be done from outside state, while outward supply outside the state is not allowed. In such a senareio, is purchase returns (goods) outside the state considered outward supply?
This is a concern when the definition of supply is read in depth.
CAclubindia
