Sir
Material sent back to supplier with debit note. Now my query is how to treat the purchase input, and purchase returns in GSTR 3B and GSTR 1.
Pls.
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Purchase returns
Replies (7)
In case there is a debit notes raised by the receipient of supply for purchases then such value of debit notes should be reduced from purchases to arrive at net purchases.
In the next supply of goods the debit note issued by you will be reduced from the payment for the said supply.
Show Net ITC (Purchase - Purchase Return) in GSTR3B.
Purchase Return will not reflect in GSTR 1 , Only Outward supplies are reflected in GSTR1
Purchase Return will not reflect in GSTR 1 , Only Outward supplies are reflected in GSTR1
@ Mr Pankaj is correct. Show net purchases in GSTR 3B. Only outward supplies are shown is GSTR 1.
Sir.
If total purchase value return to supplier.
100 Rs purchase value, return is Rs. 100.same.
This transaction how to treat in 3B and 1
If total purchase value return to supplier.
100 Rs purchase value, return is Rs. 100.same.
This transaction how to treat in 3B and 1
@ Mr. NAGA.,
Please understand., In GSTR-1 not including Purchase and Purchase Return. So, No way for Question.
In GSTR 3B, As per Mr Pankaj Rawat's reply with my ans
(Purchase Tax (-) Purchase Return = ITC) if
As per Your value :
100 (-) 100 = 0 then no need to enter in ITC value.
Please understand., In GSTR-1 not including Purchase and Purchase Return. So, No way for Question.
In GSTR 3B, As per Mr Pankaj Rawat's reply with my ans
(Purchase Tax (-) Purchase Return = ITC) if
As per Your value :
100 (-) 100 = 0 then no need to enter in ITC value.
Thank you rakesh sir, pankaj sir, and raja sir. Thanks to all for your valuable answers
You are most welcome.. ..
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