We have purchase goods on 12th july 17 and availed ITC now I have to return the goods , what will be the treatment?
13 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 30 August 2017
Return the goods on sale invoice and charge GST.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 30 August 2017
Tax invoice will be a better option because you have to pay GST on that to govt which you will charge on the invoice.
Baldev Prajapati
(264 Points)
Replied 30 August 2017
What is the purpose of Debit note and credit note in GST ? Can you charge gst on the debit|
Gaurav Palta
(484 Points)
Replied 30 August 2017
issue a debit note and Ask supplier to issue credit note for returned goods.it will aitomatically reflect in your GSTR2 once filed by supplier.
Vijay Bhand
(338 Points)
Replied 30 August 2017
Thanks to a but tax invoice also reflect on portal , I think invoice is correct way.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 30 August 2017
| Originally posted by : Vijay Bhand | ||
 |
We have purchase goods on 12th july 17 and availed ITC now I have to return the goods , what will be the treatment? |  |
No....
Don't be create Tax Invoice for Purchase return. You ll be give Debit note...
In case you ll be give Tax Invoice then it reflected Your TURN OVER. So, Don't be use Tax invoices for Debit Note...
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 30 August 2017
| Originally posted by : Baldev Prajapati | ||
|
returned by tax invoice or Debit Note? | |
You give Debit Note for Purchase Return ...
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 30 August 2017
| Originally posted by : Baldev Prajapati | ||
|
What is the purpose of Debit note and credit note in GST ? Can you charge gst on the debit| | |
Its purpose of Return the Default/Damaged materials to Supplier/Customer. Also using this any rate difference in transactions.
Yes.
You can charge Tax in Debit Note and also receive Taxable Debit Note (It's your Credit Note) from your Customer.
But, Tax Charged only Taxable transactions.
Baldev Prajapati
(264 Points)
Replied 01 September 2017
ok finally cleared that In Returned goods under GST is to raised Debit note instead of tax invoice.
All agree with this or not ?
anybody want to comment on this than pls
All agree with this or not ?
anybody want to comment on this than pls
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 01 September 2017
Once again Mr. Baldev Prajapati.,
It's not instead of tax Invoice...
Prepare only Debit/Credit Note for Goods Purchase/Sales Returns....
It's not instead of tax Invoice...
Prepare only Debit/Credit Note for Goods Purchase/Sales Returns....
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