Goods and Services Tax – Started By: – K.Srinivasan Kuppuswamy – Dated:- 28-11-2017 Last Replied Date:- 4-12-2017 – Sir,We have the following query in respect of charging GST on sales return / purchase return/ price reduction/price increase 1.Sales returns through Delivery adviceSome of the customers sending the customer returns in delivery challan without GST 2. Sales returns through Tax Invoice Some of the customers sending the customer returns in tax invoice with GST for which we need to 3. Price decrease/reduction The price decrease / reduction credit note to be issued without GST. Since already we have charged GST on the higher price and customer availed the ITC credit we need to issue the credit for the material value.However some of
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ar Sir First at all , any debit credit note is to be issued by the supplier only . Recipient will not issued any invoice , with or without GST . Issue of invoice by registered recipient were to be applicable in case sale made prior to GST implemented date ( Sec 142 ) .and return post GST implementation Further , Debit /Credit Note will have details of original tax invoice and also indicate taxable value ( of goods return ) and GST component on it . Your GSTR 1 will also indicated details of Debit/Credit Notes issued . This will matched with GSTR 2 of the recipients . You need not to issue any invoice for purchase return . Your supplier will issue credit note in case of purchase return by you Regards – Reply By Ramaswamy S – The Reply = Dear
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i – The Reply = The responsibility of issuing credit note or debit note is cast on the supplier of goods or services. – Reply By Mathurthi RamKumar – The Reply = Dear Sir,With reference to the above Q&A, Kindly clarify me that normal debit note and credit notes will applicable for before gst or not? Also kindly advise for below transaction.Agent give his commission invoice with gst. This commission will adjust for other parties balance payments.for above – Before GST i issue cr note to agent. I think as per GST rules now this transaction not under GST credit note. Am i correct? Becoz GST cr note will issue when supply / purchase will attract GST only. Kindly advise me. How to accounting for agent commission invoices.Thanks in advance.Re
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