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gst inpact on replacement sales
if some goods are returned by customer due to quality issues, what will be the impact of gst on those goods if replaced by company?
Replies (4)
This is the problem what E-commerce industries are now facing, Once the supplier has made the supply he would have to pay GST irrespective of the fact that the supply actually was not fulfilled, that's another thing that the supplier will get the GST adjusted in the next cycle and will actually have to pay the net amount only but the compliance cost will increse nonetheless.
And yeah the repalced goods sent will be applicable to GST as well
so what will be sufficient to reverse transaction
a copy of debit note or any other proof is required to adjust gst paid on those goods returned
a copy of debit note or any other proof is required to adjust gst paid on those goods returned
A debit note will suffice the job
thank you
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