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Treatment of returned goods.

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Chartered Accountant
224 Points Posted on 26 July 2017
Hi
My query is my client had dispatched goods under delivery challan without issuing tax invoice. Now the same goods are returned...what should be done in such case?
Thanks in advance.
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On 26 July 2017 at 17:03 Report
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student
164 Points Posted on 26 July 2017
Raise credit note take back the goods !!
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On 26 July 2017 at 18:21
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32 Points Posted on 26 July 2017
I think credit note may be issued only if invoice was being generated. in the case of goods sent on delivery challan, the material may be return on letter head indicating the reason.
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On 26 July 2017 at 18:42
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student
164 Points Posted on 26 July 2017
while sending the goods how you ll pass the entry sir ..?
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On 26 July 2017 at 18:49
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M.Com. Asst. Manager Account
736 Points Posted on 26 July 2017

better option to issue first invoice to party and than generate credit note to party

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On 26 July 2017 at 19:09
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233 Points Posted on 26 July 2017
nothing to issue in such case just reject the goods on his challan itself in case of all goods are being rejected. since he has not issued the invoice to you. then why will you pay tax on it by issuing your invoice.
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On 26 July 2017 at 19:34
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233 Points Posted on 26 July 2017
you can mention the same on your letter head rather than on your invoice
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On 26 July 2017 at 19:36
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233 Points Posted on 26 July 2017
sorry I took it otherwise. lalit ji right your client have to issue invoice to the party get it rejected on the same if in case of all goods. otherwise the party will issue debit note or his invoice.
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On 26 July 2017 at 20:00


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