Dear sir,
I had been registered as proprietor under GST since July 17. In June 18 I got registered as LLP due to change in Constitution of business. I sold goods under proprietorship and received sales return under LLP. Now how should I record sales return in GSTR 1 as original invoice is under proprietor ship and return against same invoice is under LLP.
Menu
Sales return in GSTR 1 in case of change in Constitution
Replies (3)
If you have not surrendered your earlier GSTIN (proprietorship) then show it in proprietorship and file the returns. Else raise a credit note in this GSTIN, the government is not entitled to keep that tax anyway.
At the tym of surrender ...Have you transferred your closing stock to LLP name by filing ITC 02.???
First At the time of Proprietor to LLP
You have Transfer Closing Stock by filling Form as mentione Mr. Pritesh Sir
In Your case its not a Sale Return Because
Propritor and LLP are two different Entity
So My Opinion its Not treated as sale Return
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
