sales returns in gst regime

[joseph david]

what is the status of sales returns in gst regime

thanks

AI Summary

Uncertainty Surrounds GST Sales Returns: Duty-Paid Goods Returned Within Six Months Exempt, but Laws May Change A discussion on the status of sales returns under the GST regime reveals uncertainty due to the evolving nature of GST laws. Participants note that duty-paid goods returned within six months of the appointed day are exempt from tax if identifiable. However, responses emphasize that the GST Model Law is subject to change, and stakeholders should prepare by understanding its potential impacts. The government plans to conduct GST training sessions to aid businesses in adapting. The forum highlights the importance of ongoing analysis and readiness as the GST framework develops.