Transaction 1: Normal regular Sale/Purchase transaction took place between Party A (seller) and Party B (buyer) where physical goods were sent.
Now business scenario for Return:
- Party B (buyer) wants to return the goods to Party A (seller).
- But Party A (seller) instructs not to send physical goods back to his warehouse, instead, send the same to Party C (another buyer).
- Note: The requirement is to show it as a RETURN from party B to part A and NOT a sale/purchase transaction.
Queries:
- Is such a transaction/direct movement of goods allowed in GST law?
- What document type (BTST, BFDF, Regular) does the party B select while preparing EWB?
- What document type (BTST, BFDF, Regular) does party A select while preparing IRN for credit note for party B?
- What document type (BTST, BFDF, Regular) does party A select while preparing IRN for sale to party C?
CAclubindia
