GST on buy back item.

anchal verma

article

141 Points Posted on 08 July 2020

U consider it as your sales return?

Prasad kale

13 Points Posted on 08 July 2020

We will buy back tv (Sales Return) after 10 years at predetermined price.

anchal verma

article

141 Points Posted on 08 July 2020

If it is of vat period, then i think no need to mention gst on the commercial credit note
just issue commercial credit note

GST will be applicable on this transaction when you buy back at the price decided as per the agreement. Understand GST is levied on supply. In your case you are selling and then buying it- GST applica

Prasad kale

13 Points Posted on 08 July 2020

What rate of GST is applicable on buy back item? 28 % or 18 %.

CA Rashmi B

Assistant Manager

787 Points Posted on 09 July 2020

The rate prevailing on the date of buying back ( after 10yrs) on supply of TV's to be considered.

Nikhil Bohra

4 Points Posted on 09 July 2020

Rate at the time of buy back

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GST on buy back item.

Prasad kale

anchal verma

Prasad kale

anchal verma

Nikhil Bohra

Prasad kale

CA Rashmi B

Nikhil Bohra

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