Sales return from composition dealer to registered dealer in GST

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Accountant
1 Points Posted on 31 January 2020

A sales return from composition dealer to registered dealer in GST, how will it be treated?

Is registered dealer less taxable amount and GST in his/her ITC?

Is registered dealer need to issue credit note to composition dealer?

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On 31 January 2020 at 23:33 Report
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Quick Summary
This discussion clarifies how sales returns from a composition dealer to a registered dealer are handled under GST. It addresses whether the registered dealer needs to issue a credit note and if this credit note should include GST, especially for taxable supplies. The key takeaway is that a credit note will be issued by the registered dealer, and the specifics regarding GST inclusion are explored.

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GST Practitioner
55067 Points Posted on 31 January 2020
Yes Registered will issue the credit Note to composit dealer.
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On 31 January 2020 at 23:44
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Accountant
281 Points Posted on 30 May 2024

In that case, will the registered dealer (the seller) issue that Credit Note with applicable GST amount for each item (assuming the goods are Taxable supplies),  or  without applying GST ? 

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On 30 May 2024 at 17:27

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