Aster billing
What is goods return?
It may be due to various reasons such as poor quality, defective items or extra items being ordered.
Goods Return in E-commerce Sales
Goods Return under GST
Goods returned by registered buyer
Goods returned by unregistered buyers
E-commerce Sellers
Adjustment of the Tax Liability on Goods Return
Transitional Provisions
- Seller: Mr. Ajay
- Buyer: Mr. Vijay
- Goods sold on 25th June 2017
- Net amount: Rs.10,000
- Current VAT rate 14.5%
- GST Rate: 18%
- GST implemented on: 01/07/2017
- Goods returned on: 31st August 2017
Taxable Goods
- The goods were sold maximum 6 months before 1st July 2017 AND
- They were returned within 6 months from 1st July 2017 AND
- The tax officer can identify the goods
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