Sales returnss

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161 Points Posted on 24 October 2023
hi sir....i have returned goods to supplier and he has issued me a credit note for the same....my question is whether he should refund me full invoice amount or only taxable amount.
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On 24 October 2023 at 09:13 Report
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Quick Summary
This discussion clarifies the process for handling sales returns where a supplier has issued a credit note. The consensus is that the supplier should refund the full invoice amount. It's also important to reverse any Input Tax Credit (ITC) that has already been availed. Ensure you receive a credit note, either digital or physical, along with the full refund.

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615 Points Posted on 24 October 2023
He should return full amount. You need to reverse ITC also if already availed.
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On 24 October 2023 at 10:10
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161 Points Posted on 24 October 2023
Thank you sir 🙏
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On 24 October 2023 at 15:06
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CFO- at NHTF
58280 Points Posted on 25 October 2023
If full amount received then full amount has to be returned
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On 25 October 2023 at 04:50
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Profession
28271 Points Posted on 25 October 2023
Return full amount along with a soft /hard copy of the credit note.
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On 25 October 2023 at 06:29

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