Supplier can reduce GST on goods returned

By | August 3, 2017
(Last Updated On: August 3, 2017)

 

Question : Whether the supplier can reduce the tax elements against goods returned to him?

Answer: Yes, the person is eligible to reduce the tax liability by issuing credit notes to his recipient for such returned goods subject to the condition that the recipient reduces the claim of ITC to that extent if ITC was availed by him. (Credit Note must bear reference of original invoice No.)

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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