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Outward invoice for purchase return
shall I create outward invoice for purchase return instead of debit note or delivery challan.
Replies (15)
Quick Summary
Better to return the goods to DC or debit note.
If You will move through sale invoice then its affecting your turn over.
If You will move through sale invoice then its affecting your turn over.
Than you sir, am also doing as per your suggestions only sir, one big company argue we will raise tax invoice for purchase return you consider as inward supply what will do sir
Dear Siva Raj
If the goods return is against the bill pertaining to 2018-19 , then yes you cannot return the same by issuing debit note or Company cannot issue the CNT for the same .
As per Section 34(2) of CGST Act , the CNT/DNT cannot be issue later than September following the end of FY .
So I'm my view the Goods return must be against the Invoice Issued in Fy 2018-19 & the credit/debit note can be issue only upto September 19 for the same.
So that might be the reason company is asking for Invoice to be issued.
If the goods return is against the bill pertaining to 2018-19 , then yes you cannot return the same by issuing debit note or Company cannot issue the CNT for the same .
As per Section 34(2) of CGST Act , the CNT/DNT cannot be issue later than September following the end of FY .
So I'm my view the Goods return must be against the Invoice Issued in Fy 2018-19 & the credit/debit note can be issue only upto September 19 for the same.
So that might be the reason company is asking for Invoice to be issued.
@ Mr Siva Raj.,
Yes... The Goods (purchase return) will be through Debit note (and DC). If it's same FY and also based on time limit then we can move it as above...
In case it's previous FY and time limits exceeding then we can (with understanding the buyer & seller business) move as Sales .
But, we mind the same is affecting to the turn over...
Yes... The Goods (purchase return) will be through Debit note (and DC). If it's same FY and also based on time limit then we can move it as above...
In case it's previous FY and time limits exceeding then we can (with understanding the buyer & seller business) move as Sales .
But, we mind the same is affecting to the turn over...
Dear Pankaj sir, in gst act they didn't mention we can raise outward invoice for purchase return after time lapsed. but even after time lapsed also we can raise credit note against our sales but we cannot adjust our outward liability, in my point of view am agree with Raja sir suggestions because if you raise invoice means automatically it will added in your turnover, you can this in your gstr-9.
DEAR SIVA RAJ
I AGREE WITH YOU .... YES YOU CAN RAISE CNT AFTER THE TIME LAPSED , BUT CANNOT ADJUST YOUR OUTWARD TAX LIABILITY...SO THE TAX IS TO BE BEAR BY YOU (YOUR COSTING GET INCREASED, LOSS TO BUSINESS)
Thanks sir, but if we raise outward invoice means we have to show in our gstr1, but as per gst rules the seller only has to raise gst credit note or gst debit note in portal. for itc purpose we cannot violate the rules.
you are not way violating any rules , for any supply the tax invoice need to be raised.
It is not supply , it is rejecting the material. it will affect our turnover, the same will affect in our gstr9.
removal of goods whether being returning back is cover under supply ,the gst levy.
since as replied earlier that if you bears the output liability then go ahead & plz issue the cnt
Thanks sir, please suggest any rules or acts refers purchase return also covers under supply
No Dear...
That is general business activity. Consider the matter with Your supplier then move the goods through Tax Invoice...
(Think about if it's good (without problems) goods then we sale to any others. Now, it's to supplier...)
That is general business activity. Consider the matter with Your supplier then move the goods through Tax Invoice...
(Think about if it's good (without problems) goods then we sale to any others. Now, it's to supplier...)
Dear Raja sir, in this case we want clarity, because we are a seller, one big company they raised outward invoice for their purchase return and we have raised credit note for our sales return but they are asking to reverse that credit note otherwise they are asking that tax amount. As per gst rules we have raised credit note for our sales return, then why we want to give that amount, they only raised outward invoice wrongly.
This is mutual understanding bro... Once again think my last reply...
Better to accept the same and account in Your books...
If You will raise CN then they must be required Tax amount. Who will loss their amount... Also GST not restrict the sale proceeds...
Better to accept the same and account in Your books...
If You will raise CN then they must be required Tax amount. Who will loss their amount... Also GST not restrict the sale proceeds...
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