Sir
Material sent back to supplier with debit note. Now my query is how to treat the purchase input, and purchase returns in GSTR 3B and GSTR 1.
Pls.
Purchase returns
NAGA (ACCOUNTANT) (514 Points)
08 October 2018
Rakesh Joshi
(CA Final)
(1272 Points)
Replied 08 October 2018
In case there is a debit notes raised by the receipient of supply for purchases then such value of debit notes should be reduced from purchases to arrive at net purchases.
In the next supply of goods the debit note issued by you will be reduced from the payment for the said supply.
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 08 October 2018
Rakesh Joshi
(CA Final)
(1272 Points)
Replied 08 October 2018
@ Mr Pankaj is correct. Show net purchases in GSTR 3B. Only outward supplies are shown is GSTR 1.
NAGA
(ACCOUNTANT)
(514 Points)
Replied 08 October 2018
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 08 October 2018
NAGA
(ACCOUNTANT)
(514 Points)
Replied 08 October 2018
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 08 October 2018
Live class on PF & ESI Enrollment & Returns Filing(with recording)