Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Home Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles News Highlights
Extracts
Home List
← Previous Next →

Rejection Return of GST paid goods from Govt. agency or PSUs

Goods and Services Tax - Started By: - MohanLal tiwari - Dated:- 15-11-2017 Last Replied Date:- 18-11-2017 - Dear Experts, We are supplying goods to various Govt agencies like Railways & defense, PSUs and private sector industries on payment of G .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

he goods (GRN not issued) and not taken any ITC credit of GST. Kindly advise how to get back the rejected GST paid goods and replace without paying GST twice. Can we issue Credit Note against our invoice and take back the credit of GST paid and issue .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

AN GOVINDARAJAN - The Reply = Your view is correct but due to non operative of GST you have to wait till that time. - Reply By KASTURI SETHI - The Reply = Yes. Provision to this effect in Common Portal is still awaited as efforts for improvement in t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ot accounted and not taken ITC.2. Ask them to send (return) the goods on a Delivery Challan (returning the goods is not a supply)3. Issue Credit Note to reduce your tax liability and your accounting.4. After receipt of the material and issuance of cr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

July'17 and submitted GSTR-3B. If we issue Credit Note today, how the GST amount will be credited in our account / GST Credit Ledger. - Reply By Ramaswamy S - The Reply = Issue the credit note in the current month and it reduces the current month .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

your tax outflow . - Reply By MohanLal tiwari - The Reply = Dear Sir/s,Thanks. But one thing, we have to keep in mind that customer being Indian Railway / PSUs, may neither approve the Invoice nor credit note uploaded on portal. In such a scenario, w .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Forum
what is new what is new
  ↓     bird's eye view     ↓  


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version