Menu
Purchase returns
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.
Replies (1)
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
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
Related Threads
CAclubindia
