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Stock return

Return 153 views 9 replies

Ambris Pande

Student

165 Points Joined September 2017

Company has returned the old stock to the seller in the month of oct (old stock as of 30.06.2017) and we are going to receive credit note, as payment for the stock is already done.

Now where to show this in gstr return. Where to show in gstr-3b(please specify column and how to fill) and also where to include in gstr-1 or gstr-2 ?

Also how this will effect the liability of our company ?

Please reply asap.

Replies (9)

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Which way you returned the goods to seller....?

Ambris Pande

Student

165 Points Joined September 2017

created a new invoice and send it via road courier service.gati

Ambris Pande

Student

165 Points Joined September 2017

as seller is in diff state than ours

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Dear.,
Stock purchased in VAT regime and return on GST regime...

But, How to you create invoice...?
You are created Invoice or Debit Note / Purchase return..?

Ambris Pande

Student

165 Points Joined September 2017

not invoice used the general term...it was purchase return acc to me for items which was purchased in vat and returned on gst

Ambris Pande

Student

165 Points Joined September 2017

for this the seller will issue a credit note.

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

If purchased from VAT then how to credit note given in GST...???

sir not sure about the credit note, since earlier in vat regime the same used to happen told the same about credit note, not sure about the current situation.
Just want to know how to record this in gst return (if we have to record) and what is the process for this situation.