what happen if wr take of goods return for more than 6 month ?
can we avail the gst credit in 7th month ?
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Goods return under gst
Replies (2)
Quick Summary
Yes you reverse output tax .
In term Section 34(2) of CGST Act , the credit note for Goods return for goods supplied in FY can be issue till September month of Next FY .
So if suppose goods being supplied in April 2018 , the credit note for the same can issue till September 2019.
Note : You can take goods return even after September but cannot reduce you output tax liability. So in this condition it's better take Tax Invoice from Receptient for the same instead of issuing Credit note to him.
In term Section 34(2) of CGST Act , the credit note for Goods return for goods supplied in FY can be issue till September month of Next FY .
So if suppose goods being supplied in April 2018 , the credit note for the same can issue till September 2019.
Note : You can take goods return even after September but cannot reduce you output tax liability. So in this condition it's better take Tax Invoice from Receptient for the same instead of issuing Credit note to him.
Ok thanks.
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