TREATMENT OF REJECTED GOODS
Query (Issue) Started By: – ARPIT OJHA Dated:- 1-2-2019 Last Reply Date:- 4-2-2019 Goods and Services Tax – GST
Got 7 Replies
GST
Hello everyone,
My query is how to account for the rejected material by the purchaser in Books of Account. The purchaser is denying to issue Debit Note / Rejection Memo. Sale Invoice has already been raised.
Reply By YAGAY andSUN:
The Reply:
You can simply issue a credit note. As per the provisions of GST Laws, Credit Notes/Debit Notes can only be issued by the seller of goods.
Reply By Spudarjunan S:
The Reply:
Issue a tax credit note with the GST component as per section 34 of CGST Act, 2017 if you had made domestic taxable supplies or made zero rated supplies with
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