Material return & gst

sundaram (finance manager) (42 Points)

04 March 2019  

Sir,

 

Question 1

In our Pharma trading, we will be returning old stocks back to original supplier.

The stocks might have purchase one or two years back.

On returning materials , what is impact GST .

Are we need to reverse GST ?

Question 2

Suppliers giving post sale price reduction on purchase made one year back.

What is GST implication ?

 

Please advice