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Purchase return in gst

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Accountant
302 Points Posted on 29 March 2019

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
Replies (3)
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Practicing Chartered Accountant
2481 Points Posted on 29 March 2019
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
17 Reply
On 29 March 2019 at 09:19
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CA Final student
7106 Points Posted on 29 March 2019
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
33 Reply
On 29 March 2019 at 10:01
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Practicing Chartered Accountant
2481 Points Posted on 29 March 2019
right, increasing turnover will just create complexities
17 Reply
On 29 March 2019 at 10:37


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