Menu
sales returns
In case if there is sales return of exported goods under lut what is the treatment of gst to be given?
Replies (1)
Sir, have u sent goods on sale or return basis.
also when invoice has been raised and when goods has been removed for export?
Raise credit note(Unregistered) in table 9B linking to original invoice and fill amount with value of returned goods.
since it was zero rated supply under LUT no tax effect arises.
or
Amend original export invoice raised, under table 9A by giving reference to original invoice number and make amount to "zero ".
also when invoice has been raised and when goods has been removed for export?
Raise credit note(Unregistered) in table 9B linking to original invoice and fill amount with value of returned goods.
since it was zero rated supply under LUT no tax effect arises.
or
Amend original export invoice raised, under table 9A by giving reference to original invoice number and make amount to "zero ".
Recent Topics :
- 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
- ROC FILINGS FY2025-26
Related Topics :
CAclubindia
