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Sale Return Adjustment

14 March 2018

Vendor registered in MP and material supply to Gujarat in October 2017. Party reject some quantity and same received by vendor in February 2018.

In the month of Feb 18 party has not sale any inter state sale , please guide how will adjust IGT credit the same.

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14 Replies

Uday (Article Assistant) (411 Points)
Replied 14 March 2018

1. Debit Note has to be raised by the vendor in Feb Month
2. IGST Credit to that extent will be credited to Electronic Credit Ledger
3) He can use that credit to set off output GST in future sales

RAJA P M ("Do the Right Thing...!!!") (127227 Points)
Replied 14 March 2018

If no more sales for adjust the IGST Credit Note then You can add the Tax Values in Your IGST ITC Value in GSTR 3B...

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Aj j (4 Points)
Replied 14 March 2018

Originally posted by : Uday
	1. Debit Note has to be raised by the vendor in Feb Month 2. IGST Credit to that extent will be credited to Electronic Credit Ledger3) He can use that credit to set off output GST in future sales

HELLO .I HAVE ISSUE REGSRDING SALES RETURN AND PURCHASE RETURN,IF BOTH RETURN THROUGH ONLY CASH ,NOT WITH DDEBIT AND CREDIT NOTE SO WHAT EFFECT IN GST RETURN

RAJA P M ("Do the Right Thing...!!!") (127227 Points)
Replied 14 March 2018

Mr. Aj j....

Sales Return Also Called Credit Note*...
Purchase Return Also Called Debit Note*...

In Case Ant of Supplies related returns then we can says it Sales Return / Purchase Return...

Aj j (4 Points)
Replied 14 March 2018

SO , CAN I BOTH RETURN TREATED AS CREDITE AND DEBITE NOTE ? ONE MORE QUESTION ,ONE PARTY GIVE ME DETAILED OF 3B AND IN 3B THEY GAVE ME PURCHASE AND SALE AND ALSO BOTH RETURN AMOUNT,I WAS CALCULED IN 3B PURCHASE MINUS RETURN AND ITS BALANCE AMOUNT WROTE IN ITC TABLE AND SALES MINUS RETURN WROTE BALANCE IN OUTWARD SUPPLIES IS IT WRITE OR NOTE?

2) PARTY ALSO GIVE ME SALES REGISTER INFO TO FILLED GSTR1 BUT PARTY INCLUDED INVOICE OF PURCHASE RETURN AND THEREFOR BECAUSE OF PUR RTN 3B NOT MATCH WITH GSTR 1 ,I THINK THIS PURCHASE RETURN BILL WILL NOT BE PART OF SALES BILL I THINK ,PLEASE SUGGEST ME

Aashish Sachdeva (839 Points)
Replied 15 March 2018

as per my personal opinion, you have to issue CREDIT NOTE.

its my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice