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Replacement

08 November 2018

Can we issue replacement stock instead of credit note against expiry goods received from our customers
can we reverse input credit on replacement quantity

pl explain under gst act

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4 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 08 November 2018

No...............

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Ravi KUMAR (34 Points)
Replied 08 November 2018

Please elabarate

Arunn Auto Sparess (203 Points)
Replied 08 November 2018

first you create credit note for return of expiry goods and then make a new invoice for the supply of goods

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 08 November 2018

I THINK I HAVE REPLIED EARLIER ALSO IN THIS REGARD, THE CBEC SPECIFICALLY CLARIFIED BY ISSUING THE CIRCULAR 72/46/2018, DT. 26.10.18, THE WHOLE PROCEDURE TO BE FOLLOW WHEN EXIPRED GOODS BEING RETURN & IT HAS TO BE RETURN/FRESH STOCK ONLY BY ISSUING BILL (BY RECEIPEINT) OR CREDIT NOTE (BY SUPPLIER)

HENCE IF YOU ISSUE THE CNT THEN YOUR ITC WILL BE REVERSE & ONCE YOU ISSUE THE FRESH STOCK YOU HAVE TO RAISE THE BILL FOR THE SAME

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