Goods return

This query is : Resolved

Subir Sarkar (Querist)
Follow

24 July 2018 Respected Sir,

I would like to know when any party returned our goods for quality complain. Then what will be the procedure to return back the goods. Whether we will issue a Credit Note to the party or Party issued us a Debit Note and we will issue a Credit Note on basis on the Debit Note. Is it compulsory that party will take entry of the sale bill.

Please clarify the fact.

Rajesh Kumar

Rajesh Kumar (Expert)
Follow

25 July 2018 When the goods are returned, a credit note can be issued to the buyer. Once the credit note is uploaded on GST portal, it reduces the GST liability of the supplier. It is not compulsory that the buyer takes entry of the goods.