Debit/credit note, Goods and Services Tax - GST

[Rupali Malik]

If a seller A supplies goods to Buyer B

And now the goods are to be returned.

Are both parties liable to issue credit/Debit note respectively ??

Posts / Replies

[Ganeshan Kalyani]

In GST credit note / debit note are to be raised by the supplier of the goods. However, buyer can raise debit note.

[YAGAY AND SUN]

Goods can be returned by the buyer on an invoice if full quantity is being returned other wise the route can be taken for settlement as stated by Mr. Kalyani

[Ganeshan Kalyani]

Yes Sir.