https://www.taxtmi.com/forum/issue?id=114515 Rejection or return of goods permits the supplier to issue a credit note, reduce output tax in GSTR-1, and require the purchaser to reverse the corresponding input tax credit so the reduction is reflected in GSTR-2A; documentary steps such as intimation, delivery challan for return and purchaser acceptance are necessary. A tax circular permits using the original invoice value as the value of the return supply subject to ITC conditions and allows the purchaser to alternatively account for the return by issuing an invoice, while return formats provide classification fields that may cause purchasers to record returned stock as sales. en-us Sat, 19 Jan 2019 10:22:12 +0530 Thu, 23 Jan 2025 15:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114515 Rejection or return of goods permits the supplier to issue a credit note, reduce output tax in GSTR-1, and require the purchaser to reverse the corresponding input tax credit so the reduction is reflected in GSTR-2A; documentary steps such as intimation, delivery challan for return and purchaser acceptance are necessary. A tax circular permits using the original invoice value as the value of the return supply subject to ITC conditions and allows the purchaser to alternatively account for the return by issuing an invoice, while return formats provide classification fields that may cause purchasers to record returned stock as sales. Discussion-Forum GST Sat, 19 Jan 2019 10:22:12 +0530 https://www.taxtmi.com/forum/issue?id=114515