Purchase returns

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Vijay Mohan 20 September 2019

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.

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CA Amrita Chattopadhyay (Financial consultant) 20 September 2019

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