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.
Menu
Purchase goods in cst, return in gst - urgent
Replies (3)
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.
agreed with above answer
Thanks Sir.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
