hi, please help to get this point, we manufactured goods with MRP and sale to the distributors, we get input tax and pay outward liability accordingly. At this point all is good.
After-sale distributors used goods as samples and expiry goods returned to us, we issued credit note to the distributor with gst. Now after the credit note issue we need to reverse input on it or not.
if yes, then how do we calculate reversal input, our purchase is 18 and 12 % and the sale gst is 28%.
CAclubindia
