friends,
One of my suppliers had replaced my machinery costing 10 lakhs used for business with a new one due to technical problems. Now I want to send the old defect machinery back to the supplier. what shall I do from GST point of view? what documents shall be prepared in this regard?
Kindly help on above.
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Replacement of machine
Replies (3)
When supplier sent the new once ,what document he has given to you
Hi
Solution
1.Supplier issue fresh invoice -We can take ITC
And the same time supplier issue credit note for the old machinery we need to reverse the ITC
2.If supplier issue fresh invoice and they say u issue a sale invoice na we need to issue saale invoive and revere the ITC asper the section 18(6)(if ITC availed case)
3.If supplier replace the machinery- ITC reversal not required.
Thanks Sivakumar. Excellent advice. Thank you.
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