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sales Returns

06 June 2018

if Recipient returns goods in GST regim but goods before 1st july 2017 in this case what will be done of that returns ???

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4 Replies

Ram Agrahari (250 Points)
Replied 06 June 2018

Hi,

I think the same is allowed only if Seller has paid the Sales Tax liability porperly in the pre GST regime and Purchaser has filed the Tran 1 form and has carried forward the ITC on purchases in the GST regime. Only than the Return in the books of the Seller can be showcased in return correspondingly the Purchaser will be reducing the ITC in the GST regime.

Seller has option to show the Return by issuing the credit note which is allowed in GST return.3B

Correct me if I am wrong!

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Faheem Akram (802 Points)
Replied 06 June 2018

if Receipent issue Debit note(supplementary Document) and Supplier issue Credit Note.....Date is same or it can be fluctuate by supplier???

Ram Agrahari (250 Points)
Replied 06 June 2018

it depends on in which month you both have to included in the GST return

CA Padmasri Manyam (CA in Practice) (1340 Points)
Replied 06 June 2018

Originally posted by : Faheem Akram
	if Recipient returns goods in GST regim but goods before 1st july 2017 in this case what will be done of that returns ???

Supply of goods before GST, goods returned under GST regime after expiry of six months, it shall be deemed as supply in the hands of person who is returning the goods.

That means person returning the goods shall issue tax invoice and collect tax (if he is registered under GST)

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