Transition Provisions

[Jasbir Uppal]

Dear Professionals

1. The goods sold in the month of June 2017 & goods return by the recipient in the month of July 2017 as per transitional provisions of Sec 142 of CGST Act, 2017. The seller can claim refund under the respective Acts i.e. Excise or VAT Act subject to issue of debit note and credit note between the both parties.

My query is on the debit note credit note the tax charged on debit/credit note is to be VAT,Excise,GST and the format of debit/credit note will be according to GST Law or previous law?

2. As per GST guidelines the composition scheme for Traders/Manufacturers or restaurant business have to obtain composition scheme up to 21 July 2017, but the GST portal is having numerous errors are coming. Are any guidelines issued by GST authorities regarding the same.

Regards

J S Uppal

AI Summary

Clarification on Section 142 CGST Act: Handling Goods Returns, Tax Notes, and GST Portal Issues in Transitional Provisions. A query was raised regarding the treatment of goods sold in June 2017 and returned in July 2017 under the transitional provisions of Section 142 of the CGST Act, 2017. The main concerns were whether the tax on debit/credit notes should follow VAT, Excise, or GST, and which law's format should be used. Responses indicated that for B2B transactions, the recipient issues an invoice to claim input tax credit, while for B2C, the seller must prove the return to claim a refund under the previous law. Additionally, there were issues with the GST portal affecting the composition scheme registration.