TMI BlogBill to Ship toX X X X Extracts X X X X X X X X Extracts X X X X ..... We purchased goods from chennai and were delivered to our customer in delhi i.e. consignee, however 40% of goods were not accepted by our customer and were delivered to our place in punjab. The bill from chennai supplier was in name of our firm. Now the question is will i be able to book input gst and stock in my books of the material received by us in punjab on the basis of invoice received fro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m chennai supplier? Are there any regulations to be followed in this case?? When the e way bill be applicable what steps would have to be followed then? - Reply By KASTURI SETHI - The Reply = How the sold goods were returned from Delhi to Punjab ? Did the consignee at Delhi not issue any invoice for 40 % of returned goods ? Documentary proof of return is required. Invoice from Chennai in y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... our name at Punjab is O. K. Where is the proof of returned goods ? You will have to correlate. - Reply By KASTURI SETHI - The Reply = Consinee's invoice who returned goods is only valid document to avail ITC and for accountal of books of accounts in this situation. Issuance of credit note/debit notes will not serve purpose. - Reply By Ganeshan Kalyani - The Reply = Goods returned by custom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er in Delhi is a second transaction. Customer has to issue Debit note for returned goods. You have to issue credit note. - Reply By Aakarshan Gupta - The Reply = Thanks everyone for prompt reply. Sir, we issued bill of only 60% to the consignee in delhi and rest of goods were delivered to our address in punjab on the same invoice of chennai supplier. We didn't face any issue. This might be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wrong. So how should we execute such transaction in future as this will happen in future also. The delhi based person is reluctant to issue debit note or purchase bill to us for 40% amount. - Reply By KASTURI SETHI - The Reply = Dear Querist,. You have changed your query. When 40 % goods are in your possession, why Delhi based person should issue debit note to you ? 40 % goods have not been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entered into his books of accounts. Where are goods physically available at present ? - Reply By Aakarshan Gupta - The Reply = Sorry sir if i was not clear. The 40% goods are physically present with me in punjab. The invoice was issued for only 60% to delhi person by us i.e. in punjab. However consignee was delhi person in whole of the bill issued by chennai supplier. - Reply By KASTURI SE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THI - The Reply = Then there will be no problem. . Your consignee has not physically received 40% goods and you have accounted for the said goods in your books of accounts. It is a procedure lapse. Keeping in view GST, a new levy, Govt. is lenient for two months at least. In this case, there is no revenue loss to the Govt. However, such practice should not be repeated. Repetition unnecessarily ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... creates doubt. - Reply By Aakarshan Gupta - The Reply = Thank your sir. The reply complete clears my issue. - Reply By Chhatra Jain - The Reply = Consignee in Delhi received full consignment. He kept 60 % of goods and balance 40% he returned..Whether he issued any invoice for the goods returned. What is the document he has given to transporter tllo carry the goods ? In my view accounting pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... actice requires him enter bill in full and then issue either another invoice for 40% goods or issue debit note. Once a bill is issued and material has been transported to destination, in my opinion bill issued from Chennai can not be revised. That why issuing debit/credit notes are in practice. So query is still incomplete . - Bill to Ship to - Query Started By: - Aakarshan Gupta Dated:- 10-8-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 017 Goods and Services Tax - GST - Got 9 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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