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Purchase Returns - GST Reversal in Debit Note required or not

426 views 3 replies
For purchase goods before 31-03-2023

For making Debit Note now (Jan-24)

Can I reverse GST aswell in Debit Note or no ??
Replies (3)
Can I reverse GST aswell in Debit Note or no ??
As per GST we can't make any changes, Debit, Credit and reversal after December month.
So, GST tax portion can't be applied and not possible to show in GST return...

(Better to discuss with party and make any other options)
Gst reversal is must

How to convert a purchase to a purchase return on the web

Step 1: Go to “Purchases”.

First, go to “Purchases” on the left-hand side of the dashboard. After clicking on “Purchases”, A drop-down menu appears.

Select “Purchases” from the drop-down menu. 

Step 2: Convert to a purchase return.

Now, select or search for the purchase invoice you would like to convert into a purchase return and click on the drop-down menu at the end of the column.

Select the “Convert to Purchase Return” option from the drop-down menu. 

Step 3: Click on “Save”.

An invoice form appears with the details of the products and vendor. Here, review the details and click on the “Save” option present at the bottom of the screen.......

 

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