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Sales Return

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STUDENT
90 Points Joined December 2013

Say for example we sold goods worth RS 100000+cgst 90000+sgst 9000=118000 and paid GST by filing GSTR3B

NOW, The buyer returned goods worth RS. 50000

can I issue a credit note to the buyer as follows?
Sales return 50000
cgst 4500
sgst 4500
total 59000


please respond

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On 22 May 2018 at 11:12 Report
Replies (5)
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Chartered Accountant
2195 Points Joined December 2014
Yes u can proceed
1 Reply
On 22 May 2018 at 11:36
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Business and tax consultant
3299 Points Joined September 2017
yes you can raise a credit note
1 Reply
On 22 May 2018 at 11:46
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STUDENT
90 Points Joined December 2013
then how should I show this in 3b in the month of credit note?? shall I reduce the turnover and tax to the tune of above mentioned amount?
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On 22 May 2018 at 11:50
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Business and tax consultant
3299 Points Joined September 2017
Yes you can reduce and show
1 Reply
On 22 May 2018 at 12:08
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Chartered Accountant
4524 Points Joined July 2014
In GSTR3B, You will have to less credit note in your details of outward supply.
1 Reply
On 22 May 2018 at 12:08

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