We are regularly supplying goods to PSUs namely Bhilai Steel Plant & NALCO, we have some rejections against supplies of pre-GST regime for free replacement.
Both PSUs are insisting for lifting back the rejected materials under their gate pass. They are not willing to issue any Tax (GST) Invoice for rejection return and wants replacement under GST invoice. Please advise how to get credit on our own invoice under Trans-1 scheme and supply goods under GST invoice.
Company Faces Issues with Pre-GST Rejected Goods; Seeks Credit Under Trans-1 and Compliance with Section 142(1) Proviso A company supplying goods to two public sector units (PSUs) faces issues with rejected goods supplied before the GST implementation. The PSUs demand the return of these goods using their gate pass without issuing a GST invoice, while requesting replacements under a GST invoice. The company seeks advice on obtaining credit under the Trans-1 scheme and supplying goods under a GST invoice. One response suggests referring to a previous expert's advice, while another advises informing the PSUs about the proviso to section 142(1), indicating the PSUs' tax liability. (AI Summary)
TaxTMI 
TaxTMI 
