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Purchase returns

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NAGA

ACCOUNTANT

523 Points Joined May 2011

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.

Replies (7)

CA Rakesh Joshi

Chartered Accountant

1272 Points Joined May 2015

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.

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Show Net ITC (Purchase - Purchase Return) in GSTR3B.
Purchase Return will not reflect in GSTR 1 , Only Outward supplies are reflected in GSTR1

CA Rakesh Joshi

Chartered Accountant

1272 Points Joined May 2015

@ Mr Pankaj is correct. Show net purchases in GSTR 3B. Only outward supplies are shown is GSTR 1.

NAGA

ACCOUNTANT

523 Points Joined May 2011

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

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

@ 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.