watch_later 30/01/18

we have to account sales returns in the month of june-some reasons it was not accounted

but it should be accounted in Jan-2017-how can we raise invoice gst sales returns or pregst sales returns invoice under vat.

Pl. explain




1 Response | Latest response: 30/01/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 30/01/18

GST is on supply of goods, though sales returns are related to June, but it was done later (actual supply), you need to charge GST and you can account sales return now.

Person who has returned the goods needs to create an invoice and send the material and you can account as sales returns.

Alternatively the person can also create debit note but that will need corresponding invoice.


Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion