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Purchase return in gst

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Accountant
302 Points Joined July 2013

What is the treatment for GST under purchase return? Return through as sales invoice or Debit note?

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On 29 March 2019 at 08:48 Report
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Practicing Chartered Accountant
2481 Points Joined June 2013
Return through Debit note and not sales invoice.

Note that while raising debit note, the same shall be reduced from your purchases.
whereas if you return it by making sales, it will unnecessarily increase your turnover in P&L
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On 29 March 2019 at 09:19
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CA Final student
7106 Points Joined April 2018
You have to raise DEBIT note...

if you issue a sale voice and you are filing income tax under sec 44ad then it will increase your tax liability unwantedly
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On 29 March 2019 at 10:01
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Practicing Chartered Accountant
2481 Points Joined June 2013
right, increasing turnover will just create complexities
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On 29 March 2019 at 10:37

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