andy (Designer) (130 Points)
02 December 2017Hello Everyone,
Here's a query related to Purchase Return.
A company has issued me a "Purchased Return" for an order that was partially rejected.
Can experts please tell me how this has to be treated in GST / Under which Return ?
Is this going to be their "Sales Invoice & My purchase
or
Is it to be treated as Cr / Dr note in GSTR-1
Kindly please help. Thanks & Regards
satya
(Executive Excise)
(1839 Points)
Replied 02 December 2017
Treatment of Purchase Returns in GST
When you purchase any item and due to damage or any other reason, you have to return the item to seller, then this transaction comes in Purchase Return. You can record a purchase return in Debit Note. Your Debit note will be appear in GSTR - 2.
Under GST you have to ensure that you are using unique numbering of your purchases and the same can be reverse in purchase return.
There is two type of purchase return under GST (Inter State and Intra State). Inter State purchase is from outside the state and intrastate purchase is purchase in the state.
andy
(Designer)
(130 Points)
Replied 02 December 2017
| Originally posted by : satya | ||
 |
Treatment of Purchase Returns in GST When you purchase any item and due to damage or any other reason, you have to return the item to seller, then this transaction comes in Purchase Return. You can record a purchase return in Debit Note. Your Debit note will be appear in GSTR - 2. Under GST you have to ensure that you are using unique numbering of your purchases and the same can be reverse in purchase return. There is two type of purchase return under GST (Inter State and Intra State). Inter State purchase is from outside the state and intrastate purchase is purchase in the state. |
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I'm a seller & recieved a purchase return, where & how should i record it ?
Loveesh Gupta
(CA Practice )
(22 Points)
Replied 08 February 2018
Issue a Credit note and show in GSTR-1.
CAclubindia
