Sales return under CST (i.e. Central Sales Tax Act) is allowable as deduction from the turnover within 6 months? If, say, goods are returned in GST by a buyer after 6 months of sales, will it become taxable in CST or GST

Question 8 – Draft-Bills-Reports – Transitional Provisions – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 8 – Q 8. Sales return under CST (i.e. Central Sales Tax Act) is allowable as deduction from the turnover within 6 months? If, say, goods are returned in GST by a buyer after 6 months of sales, will it become taxable in CST or GST? Ans. First, find out whether the goods are taxable in GST or not. Secondly check whether the goods were returned after 6 months from the appoint

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =