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 :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
