Purchase return

This query is : Resolved

SUNIL KUMAR PATTUVAKKARAN (Querist)
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08 June 2018 Somebody told that...If you have Purchase return, you can issue a normal sales invoice to the seller party. No issue. Is it right ...can we show as sales , at the same purchase rate ?

kindly clarify...

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
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08 June 2018 You can do that there is no restriction as such.
instead of receiving credit note from the supplier (this option your purchase value will reduce), you will issue tax invoice treating the same as outward supply. In the second option, to the extent of such tax invoice, your turnover will increase in your books of accounts.