GST on Sales Return

[Guest]

Hi All,

Company A sells product to distributor(registered) B where the price is INR 100 and GST is INR 12.

When the distributor returns the product within 6 months from invoice date within state will GST be applicable if so at what rate?

If this is an interstate return will GST be applicable is so what will be the GST rate?

If the distributor returns after 6 months from invoice date will GST be applicable is so what is the rate within state?

If the distributor returns the product after 6 months outside the state will GST be applicable if so what is the rate.

Please reply since it is very urgent.

Soliciting your favourable response in this regard.

Warms Regards.

SAURAV MALLICK

[Govind Gupta]

Tax Charged/ Taxable Value/ Goods returned/ Deficient Services > Tax Charged/ Taxable Value (w.r.t. that supply), then Issue credit note and declare the details in the return of the month in which credit note is issued but not later than on or before 30th day of September following the end of the FY in Which the supply was made or date of filing of relevant annual return whichever is earlier.

AI Summary

Credit note issuance for GST adjustments requires declaring returns within the prescribed annual deadline to adjust tax on returns. Where a registered recipient returns goods or services for which tax was charged, the supplier must issue a credit note to adjust the taxable value and tax charged, and declare the credit note in the GST return for the month of its issuance; declaration may be made later only up to the statutory cutoff not beyond the prescribed deadline following the end of the financial year of the original supply or the date of filing the relevant annual return, whichever is earlier.