TMI BlogGOODS RETURNED BY COMPOSITE DEALER TO REGISTERED DEALERX X X X Extracts X X X X X X X X Extracts X X X X ..... REGISTERED DEALERS SOLD GOODS WORTH RS. 10,000/- TO COMPOSITE DEALER AND GST OF 5% CHARGED RS. 500/- TOTAL VALUE RS. 10,500/- COMPOSITE DEALER OUT OF ABOVE INVOICE RETURNED GOODS WORTH RS. 4000/- TO REGISTERED DEALER THROUGH DEBIT NOTE. REGISTERED DEALERS ISSUES A CREDIT NOTE FOR THE SAME. CAN COMPOSITE DEALER REFLECTS GST IN DEBIT NOTE. - Reply By Ganeshan Kalyani - The Reply = Composite dea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ler cannot raise tax invoice. In my view they cannot raise debit note indicating tax component. - Reply By KASTURI SETHI - The Reply = I think Querist is talking about composition and not composite. So reply posted by Sh.Ganeshan Kalyani , an expert is correct. - Reply By Himansu Sekhar - The Reply = The supplier will issue credit note. The same will be uploaded. We have to see how gstn behav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es when there is no scope for composition dealer to reverse the credit to complete the actions under sec. 34 . Please make a tweet at gst@goi. We also want to know the result. - Reply By Ganeshan Kalyani - The Reply = In my view, the sales to composite dealer should be shown in b2c sheet. So that sales return can also be shown in the same sheet and credit on sales return can be availed. - Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply By RAMESH PRAJAPATI - The Reply = Under GST, Selling dealer is required to issue credit note and debit note (as applicable). So selling dealer will issue credit note and upload information on portal. Since composite dealer cannot avail ITC, liability of GST will also be reduced accordingly. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In my view he can reflect in debit note. - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ganeshan Kalyani - The Reply = It need to be seen further that in view of matching concept how the credit will be allowed on sale return received from an composite dealer. Now that the government has extended GSTR 3B filing till December 2017, the GSTN may be developed / improved further considering various factor, one being matching concept. - GOODS RETURNED BY COMPOSITE DEALER TO REGISTE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RED DEALER - Query Started By: - ROHIT GOEL Dated:- 13-9-2017 Goods and Services Tax - GST - Got 7 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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