If sales return after one month from invoice date, in that case what about GST on sales return?
Can we claim input credit on such return?
Menu
Sales Return under GST
Replies (9)
Reduce your turnover in 3B
Can we claim GST as Input credit on such sales return or deduct from GST liability
Deduct from GST liability
Yes... I agreed to Ms Sonu Maheshwari...
@ Sayali.,
Reduce the sales "Sales Return" Sales & Tax values to current month's Sales & Tax values...
@ Sayali.,
Reduce the sales "Sales Return" Sales & Tax values to current month's Sales & Tax values...
If such sales return more than 6 month?
@ Ms Sayali.,
In GST no rules for 6 months periods. You can doing the same next FY September GST returns...
It's means if the sales in April-19 (also Mar-20) then You can account the sales return on or before September-20 GST returns...
In GST no rules for 6 months periods. You can doing the same next FY September GST returns...
It's means if the sales in April-19 (also Mar-20) then You can account the sales return on or before September-20 GST returns...
Thank you so much all of you
You are most welcome...
If B2B you have raise credit note for GSTR1 or if it in B2C you have to amend the b2c of the respective month. in the GSTR3B reduce the sales return in the respective month sales and tax as well.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
