Stock return

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Student
134 Points Posted on 18 November 2017

Company has returned the old stock to the seller in the month of oct (old stock as of 30.06.2017) and we are going to receive credit note, as payment for the stock is already done.

Now where to show this in gstr return. Where to show in gstr-3b(please specify column and how to fill) and also where to include in gstr-1 or gstr-2 ?

Also how this will effect the liability of our company ?

Please reply asap.

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On 18 November 2017 at 01:10 Report
Replies (9)
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"Do the Right Thing...!!!"
77792 Points Posted on 18 November 2017

Which way you returned the goods to seller....?

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On 18 November 2017 at 20:19
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Student
134 Points Posted on 18 November 2017
created a new invoice and send it via road courier service.gati
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On 18 November 2017 at 21:34
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Student
134 Points Posted on 18 November 2017
as seller is in diff state than ours
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On 18 November 2017 at 21:34
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"Do the Right Thing...!!!"
77792 Points Posted on 18 November 2017
Dear.,
Stock purchased in VAT regime and return on GST regime...

But, How to you create invoice...?
You are created Invoice or Debit Note / Purchase return..?
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On 18 November 2017 at 21:41
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Student
134 Points Posted on 18 November 2017
not invoice used the general term...it was purchase return acc to me for items which was purchased in vat and returned on gst
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On 18 November 2017 at 21:50
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Student
134 Points Posted on 18 November 2017
for this the seller will issue a credit note.
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On 18 November 2017 at 21:57
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"Do the Right Thing...!!!"
77792 Points Posted on 18 November 2017
If purchased from VAT then how to credit note given in GST...???
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On 18 November 2017 at 22:14
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Student
134 Points Posted on 18 November 2017
sir not sure about the credit note, since earlier in vat regime the same used to happen told the same about credit note, not sure about the current situation.
Just want to know how to record this in gst return (if we have to record) and what is the process for this situation.
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On 18 November 2017 at 22:18
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"Do the Right Thing...!!!"
77792 Points Posted on 18 November 2017
https://www.caclubindia.com/forum/sales-return-435530.asp
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On 18 November 2017 at 22:25

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