Purchase returns


Vijay Mohan   20 September 2019

Vijay Mohan

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my client is a composite dealer. he returned goods purchased from regular dealer which ha has paid GST. at the time of purchase. how my dealer get refund of gst from regular dealer.

avater

CA Amrita Chattopadhyay (Financial consultant)     20 September 2019

CA Amrita Chattopadhyay
Financial consultant 
 427 likes  6846 points

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Composite dealer cannot claim Input Tax Credit for the purchase made. The GST paid will be treated as expenses. For the return of the goods, the money he gets back will be inclusive of GST


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