Menu
sales return effect in GST return
we have sales return, where should be impact of of that in return in GSTR 1 under credit note or in Gstr 2 under b2b invoices
Replies (7)
pl elaborate your question little more.
yes sir i have made sale of rs. 100 in june 2017 and customer has rejected the material of rs. 10 in July 2017 so where will be impact of that return in gst return
because customers says as per gst act it should consider as as fresh sales be them
Your customer is right. In GST regime, rejected goods are to be taken as inward supply by you. This will be reflected in your GSTR2 or GSTR3B.
ok but this rules says if supply before gst and return received in gst then you have to charge gst but my supply in july and rejection received in august then what ?
If suppy is in July, the GST law is applicable anyway. Supply at your end is supply under GST regime and applicable tax have to be charged. The return of the rejected goods will be a supply by the recipient of goods on payment of applicable taxes. The ITC shall be admissible to both of you on the basis of taxable invoices.
Sales return shown GSTR 1. Not in GSTR 2....
Recent Topic
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
Related Topics
CAclubindia
