We have purchase goods in CST @ 2% due to some reason material is not sold. We are returning to vendor today 15.01.2019.
Please guide in GST what is the procedure.
CA. Kuna Mohanty
(Sr. Manager (Finance) MMTC Limited )
(55 Points)
Replied 15 January 2019
Goods (on which taxes were paid under the previous regime) returned by a registered buyer will be treated as ‘Deemed Supply’. GST has to be paid on this by the person returning the goods. Therefore, charge the applicable GST and return the goods.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
