04 September 2019
Now a days our various vendors starts practice of treating Sales return as Sale to us and we are bound to treat it as purchase. Whether any notification has been issued in this regard please clarify?
07 November 2019
where it is written in GST law that sales return is to be treated as purchase? Then what is the use of Debit/credit note it is just for Discount adjustments?
07 November 2019
The credit note must be issued and declared within the specified time-
By September of the next financial year OR Date of furnishing of the relevant annual return, -whichever is earlier. Beyond the above limits sales return has to be treated as purchase.
08 November 2019
But our customers are issuing purchase invoice for every sales return even in within time limit. Like a sale was made on 29th oct 19 and customer returned on 2nd nov by way of issuing a purchase invoice. Then what to do?
CAclubindia
