Goods and Services Tax – Started By: – Yatin Bhopi – Dated:- 23-8-2018 Last Replied Date:- 3-1-2019 – Sometimes we received defective goods which need to be return to seller. For rejecting goods, under Section 34 of CGST ACT 2017, supplier of goods should issue credit note and he should declare this credit note in GSTR-1. Once seller uploads credit note, GST amount will be reflected in our GSTR-2 it will be reduce our available ITC. Is that mean for every purchase rejection we need to First avail the Input tax credit (whether full or part rejection) so that when seller issue credit note it will be nullify. Please let me know – Reply By Praveen Nair – The Reply = Dear YatinHow will you send back the defective material to the Supplier?1. With a Tax Invoice by charging GST? or2. Against a Delivery Challan?Let me know – Reply By Yatin Bhopi – The Reply = goods will be return on delivery challan and ewaybill – Reply By Ganeshan Kalyani – The Reply = In my view, there are two options to dea
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t note issued to the Supplier. Therefore, there is no question of ITC at the recipient end. At the supplier end, the issuance of Credit Note reduces his liability and the receivables, the tax is also reduced based on the Credit Note.RegardsS.Ramaswamy – Reply By Ganeshan Kalyani – The Reply = I fully agree with you Sir. – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = I endorse the views of Sri Ramaswamy. – Reply By Arunachalam siva – The Reply = sir, If there is a difference in value/tax rate, either CN/DN to be issued. If defective item received, account it and avail credit, then return under cover of Tax invoice and pay tax. Now tax effect is nil. further to state that purchase return has to be treated as deemed supply by recipient under GST. Sending material back under DC seems improper. – Reply By Ramaswamy S – The Reply = 36 What is the procedure for return of goods under GST? In terms of Section 34(1) of the CGST Act, 2017 in case of return if goods on which GST was paid at th
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ceptance of the said credit note the amount will be reduced from your Electronic Credit Ledger online, which you may have already debited by raising a Tax Invoice (reflected in your GSTR 1 & GSTR 3B) hence possibility of double effect. It is advisable to send material by DC as suggested by other experts with E-Way bill. Regards Pravin – Reply By Avneesh Sachdev – The Reply = hello all,why cant the receiver just issue a tax invoice back to the vendor instead of all this. – Reply By Praveen Nair – The Reply = In most of the company it has been seen that there are process for Inward of goods. If the goods are received in the system they may either;a. Send back the material against a Tax Invoice orb. Send back the material against DC.If the goods are sold prior to the appointed date (excise law) and received after appointed date (GST) then Tax Invoice should be raised by the purchaser for any goods rejected and sent back to supplier. – Reply By VaibhavKumar Jain – The Reply = I think t
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