I have made a purchase on 12/09/2018 FY 18-19
I found the material is defective can I return the material now with Debit note?
Can the supplier revise his output tax with my debit note?
Is any specific time limit for purchase return In Gst like Vat?
No.You can't raise debit note.
No.Supplier need not revise output liability for earlier period for the debit note since he pays GST on such debit note
Yes.There is time limit.6 months from end of FY or deadline for annual return whichever is earlier
Section 34(2) of the CGST act says that any registered dealer can issue a credit note in relation to supply of goods or services up to a period of six months from the end of the financial year or the date of filing the annual return, whichever is earlier
CAclubindia
