We have purchase goods in CST @ 2% due to some reason material is not sold. We are returning to vendor today 15.01.2019.
Please guide in GST what is the procedure.
We have purchase goods in CST @ 2% due to some reason material is not sold. We are returning to vendor today 15.01.2019.
Please guide in GST what is the procedure.
Goods (on which taxes were paid under the previous regime) returned by a registered buyer will be treated as ‘Deemed Supply’. GST has to be paid on this by the person returning the goods. Therefore, charge the applicable GST and return the goods.
Thanks Sir.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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