Dear sir,
i have a small doubt regarding input tax credit, my company sold a goods as on 25/05/2017but in this invoice some of goods return back as on 20/09/2017 my doubt is previously i was sale as vat sale where as salesreturn is GST how can i pass the entry and how could i make a sept'17 return
please help me sir
Good question...
If you received as sales return then its not good. Sales Return ll be debit from VAT amount also we can't take credit...
So,
You ll be receive as Purchase (Your Customer ll be give sales Invoice for the returned Goods). Then you can use the GST...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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