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Goods Returned by Consumer After 7 Months

31 May 2019

Non registered Consumer taken goods on credit on 01-Nov-2018 and returned goods on 31-May-2019, how to show it in accounts
Can we reclaim GST paid as it is more than 6 months if not, do we need it to show anywhere in GSTR1

Thanks in advance

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9 Replies

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 31 May 2019

issue credit note and adjust the amount in your returns accordingly.

Sajal Mandal (294 Points)
Replied 31 May 2019

Issue Credit Note against original invoice (Nov'2018) and add CDNR table in GSTR 1 for the month of May,2019

Vipin Kumar (127 Points)
Replied 31 May 2019

Assume item price including GST was 10000 in which 1800 gst was included item price 8200.00 GST 1800 in credit note can we reverse GST paid also or it has to go to p&l account my concern is goods are returned after 7 months, i am assuming that goods should be returned within 6 months in GST to claim the GST paid(GST REVERSAL)

Sajal Mandal (294 Points)
Replied 31 May 2019

You can't claim for refund. The amount of credit note will be adjust with outward supply automatically (for GSTR 1) and for GSTR 3B you should less the credit note amount from current months outward supply.

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 31 May 2019

There is no criteria for less than or more than six months for goods return. The only limitation is the time period of issuing credit note which for you is still time. Issue credit note and adjust the liabilities in your next return

Anshuman Basu (account -GST) (1547 Points)
Replied 31 May 2019

what' is the time limit for credit note issu

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 31 May 2019

Six months from the end of financial year

shailendra shukla (Bhopal) (1741 Points)
Replied 01 June 2019

issue credit note for accounting purposes.... as the consumer is uregistered adjust the amount of note from b2c supplies of current month..... also adjust the outward supplies and tax payable in current month 3b.....