We have purchase goods on 12th july 17 and availed ITC now I have to return the goods , what will be the treatment?
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Purchase return GST?
Replies (13)
Return the goods on sale invoice and charge GST.
returned by tax invoice or Debit Note?
Tax invoice will be a better option because you have to pay GST on that to govt which you will charge on the invoice.
What is the purpose of Debit note and credit note in GST ? Can you charge gst on the debit|
note or not?
pls reply
pls reply
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.
Thanks to a but tax invoice also reflect on portal , I think invoice is correct way.
Enter comment here
| 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...
| Originally posted by : Baldev Prajapati | ||
|
returned by tax invoice or Debit Note? | |
You give Debit Note for Purchase Return ...
| 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.
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
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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