INPUTS RETURN
Query (Issue) Started By: – TAX solution Dated:- 11-7-2018 Last Reply Date:- 12-7-2018 Goods and Services Tax – GST
Got 8 Replies
GST
Dear Experts
\nWe have purchased some inputs goods and same has been rejected by our quality control department. Now, we want to send back to vendor.
\nMy queries are
\n * How to send goods to vendor? Whether through Tax Invoice or Challan or Debit note.
\n * Whether we have to reverse ITC or credit \/increase to tax liability?
\n * When purchased return to vendor , purchase return in which GSTR return should be reported by us, whether GSTR- 1 or GSTR-2 .
\n * Who will sign the tax invoice? Any intimation is required to tax authority, if any employee is authorized for sign to tax invoices?<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n othing to do .You return the rejected goods on the basis of Credit note Issued by your Vendor. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" INPUTS RETURN Query (Issue) Started By: – TAX solution Dated:- 11-7-2018 Last Reply Date:- 12-7-2018 Goods and Services Tax – GSTGot 8 RepliesGSTDear Experts We have purchased some inputs goods and same has been rejected by our quality control department. Now, we want to send back to vendor. My queries are * How to send … Continue reading “INPUTS RETURN”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12565","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/12565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12565"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/12565\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nReply By KASTURI SETHI:
\nThe Reply:
\nThanks a lot, Sh.Shivkumar Shama Ji.
\nReply By Alkesh Jani:
\nThe Reply:
\nSir,
\nFor sake of clarity and supporting the views expressed by our experts, the Q.No.33 of FAQ is reproduced below:-
\n“Q 33. Is there any provision in GST for tax treatment of goods returned by the recipient?
\nAns. Yes, Section 34 deals with such situations. Where the goods supplied are returned by the recipient, the registered person (supplier of goods) may issue to the recipient a credit note containing the prescribed particulars. The details of the credit note shall be declared by the supplier in the returns for the month during which s<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n