return goods

[nunna murali]

we are supplied intermediate good to vendor as per his request and transported, mean while vendor has informed not required material. we are holed the material at tranporter area and bringing back to our factory in our invoice.

How take in ITC for our invoice in GST rule wise.

please give me suggestions.

udaya bhaskar

AI Summary

Return of goods: pre-GST consignments returned post-GST invoke refund rules or deemed supply treatment and tax consequences.
Return of goods addresses tax and credit treatment when consignments refused in transit are returned. Pre-GST removals returned post-GST require notification and officer verification to seek refund of duty paid under prior law, while returns by a registered person are treated as deemed supply. Goods dispatched after GST commencement and returned during the GST period do not attract fresh tax and are adjusted as sales returns without ITC implications.