we have received our material as it is from customer with our sales invoices (no documents from customer)....in this scenario can we book as rejection e.g.
x sold to y of a qty of RS 1000/-
but y hasbeen rejected and as it is sent to x with x's sales invoice
my query is...
can we book this goods as rejection?
if not then can we adjust this rejection amount with sales invoice liability? or any other solution please clarify....
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rejection material recd as it is....
Replies (3)
Issue the Cnt for same , and reduce ur output liability
You ll create Credit Note and Reverse the Tax amount as per Credit Note...
We have supplied material (two items) to Government Department with IGST in Aug 2017, material reached at stores and sampling is done. One item ok and other was rejected. But we did not take back the material, we did not issue credit note and didn't take credit for IGST paid as we give our consent for Commercial Settlement (govt Dept. also not entered the value in their purchase due to rejection), after 9 or 10 months commercial settlement is done and now Government department is asking for GST Invoice. Can we issue GST Invoice for new amount settled? What about eway bill as there is no movement of material? Can we issue credit note in current date to take credit of IGST paid. Govt. Dept denied to issue any debit note blaming that we should issue credit note at once on rejection and should take credit of IGST. Pls guide in detail
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