Purchase Rejection procedure in GST
Query (Issue) Started By: – Yatin Bhopi Dated:- 23-8-2018 Last Reply Date:- 24-4-2019 Goods and Services Tax – GST
Got 17 Replies
GST
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.
\n 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.
\n Please let me know
\nReply By Praveen Nair:
\nThe Reply:
\nDear Yatin
\nHow will you send back the defective material to the Supplier?
\n1. With a Tax Invoice by charging GST? or
\n2. Against a Delivery Challan?
\nLet me know
\nReply By Yatin Bhopi:
\nThe Reply:
\ngoods will be return on delivery challan and ewa<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ds rejected, the invoice is either short booked to the extent of rejection and the Debit 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n se Credit Note and consider the same in GSTR-1, which will reflect in your GSTR2A and on acceptance 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Purchase Rejection procedure in GST Query (Issue) Started By: – Yatin Bhopi Dated:- 23-8-2018 Last Reply Date:- 24-4-2019 Goods and Services Tax – GSTGot 17 RepliesGSTSometimes 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 … Continue reading “Purchase Rejection procedure in GST”<\/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-13364","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13364","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=13364"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13364\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nRegards
\nS.Ramaswamy
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nI fully agree with you Sir.
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nI endorse the views of Sri Ramaswamy.
\nReply By Arunachalam siva:
\nThe Reply:
\nsir, 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.
\nReply By Ramaswamy S:
\nThe Reply:
\n36
\nWhat is the procedure for return of goods under GST?
\nIn terms of Sec<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nIt is advisable to send material by DC as suggested by other experts with E-Way bill.
\nRegards
\nPravin
\nReply By Avneesh Sachdev:
\nThe Reply:
\nhello all,
\nwhy cant the receiver just issue a tax invoice back to the vendor instead of all this.
\nReply By Praveen Nair:
\nThe Reply:
\nIn 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;
\na. Send back the material against a Tax Invoice or
\nb. Send back the material against DC.
\nIf 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 <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n