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Issue of sales invoice for purchase return

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62 Points Posted on 28 July 2020
Is it ok if a party has issued sales invoice(instead of debit note) to the same party from whom it has purchased those goods.There is no change in purchase rate of goods.
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On 28 July 2020 at 09:22 Report
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Practice
3235 Points Posted on 28 July 2020
Yes one can do this also
13 Reply
On 28 July 2020 at 09:44
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Tax and Business Consultant
11616 Points Posted on 28 July 2020
Yes, Party can issue sales invoice (instead of debit note) to the same party from whom it has purchased those goods.
66 Reply
On 28 July 2020 at 11:50
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602 Points Posted on 28 July 2020
According to my opinion it should not be fair because without any resons turnover of entity will increase for income tax purpose.
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On 28 July 2020 at 14:00
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62 Points Posted on 28 July 2020
Thanks to all for clarification of the matter
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On 28 July 2020 at 22:34
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2 Points Posted on 29 July 2020
Job charges rate
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On 29 July 2020 at 05:44


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