I made an IGST purchase on January 2018 and claimed IGST IPT. The same commodities were returned to the vendor on February 2018 with debit note. Now my question, is the purchase return of goods a taxable outward supply? should I pay the tax on purchase return ? kindly reply me .
Yes you need to pay tax on purchase return. You can show inputs net of returns.
You will be reversing input here so automatically any shortfall needs to be paid.
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