Hello Friends, Now you can buy our book with comprehensive coverage of GST online from the following link goo.gl/zbvfSn. We would love to hear your feedback on how you like it!
agar credit note unregistered person jo ki 2.5L ke below hai wo dal di galti se to use next month mai kasise amendment kare, wo negative values bhi nahi kar sakte amendment karke our zero bhi nahi kar sakte amendment karke please help.
thanks mam for ur guidance in sales retun in gst i can suggest u make video with jounarl entries it will clear all doubts very easily regarding purchase/sales/sales retun /purchase retun
Hi, the insights given by you on GST is really good. Can you throw some light on how to do the calculation of IGST, CGST & SGST payble after all sequential adjustments for a particular period (One Month) for Retailers. I would appreciate your prompt reply on this.
Madam, I would like to thank you for imparting the valuable information on GST in your videos. Please, make it clear how the goods would be returned and movement of goods be made under GST from buyer's end assuming the value of goods returned is exceeding Rs 50000/- and the supplier would not issue any credit note for such goods , intended to be returned until the such goods reaches to him. Thanks P.L.Singal
Delivery challan will be there....when movement of goods is for other reason than supply then Delivery challan will be issued...e-way bill will also be prepared based on it
Ma'am , Medicine expiry lete samay recipient se uska invoice banake lena padega kya?? Aur jo Medicine VAT me sell ki thi means 1 or 2 year pehle, jo abhi expire hue hai uske liye kya karna padega??
good n very helpful. we r doing business with gov. agency. in one party according to contract with them v r supplying part part goods but v can make invoice after supply total goods. Till today v r supplying goods on challan n after final supply v raise invoice. pl suggest in GST how will take place.
Dear Shaifaly, Thanks for your nice video, can u please explain that ,In manufacturing Company what will be the treatment of services which we a availing...such as loading and unloading, transportation, professional fee and all in which service tax is treated. how we can take credit input for it. and where we have to show these expenses in return
Thanks for your video, it was very help full. i have a query sir! i am a stock trader, i am earning from stock market on daily basis. on an average 1000 per day, my broker charge 60 rs. including securities tax, gst and other service charge. Apart from that there is pending amount 9640. should i need to pay the gst for the same amount, if yes than how i will do this and to whom the credit will be transferred through gst filing? Please answer me as earlier possible. Hope for your positive response soon.
nice information. I am from diamond Indusries. My question is If goods return after six month then how you will pass entries in the books of account. Please note that tax rate is also change in the month of Jan i.e. 3% to 0.25%
how to show sales return in case of b2c? e.g if a supplier sales goods online and get some sales return of last month (rate 18%) and now in current month he sales the product( @28%) the how to deal with it in gstr 3b and in GSTR 1 as well
Buyer is issuing debit note in case of sales return. Do I need to make credit note of the same or not ? If not, where to show the debit note entry in gstr 1 ? Lastly, will the buyer upload debit note online and it will be reflected in my gstr 2 ?
Thanks for the Video. I have received Sales Return from my Registered Customer during Jun 2019. The reason is he is unable to sell the Goods, The original Invoice was of Dec 2017. While refunding the amount to my customer, should i refund only Taxable OR should i refund Taxable +GST
Sales return in e-commerce business very high. Is it mandatory to keep all return lable / bills which are courier return , cancelled orders after invoicing aswell as customer returns. if you have uploaded any video kindly share link. If not kindly upload , it will very helpful to many vendors.
yes such a video is needed, how to file the GST Return where sales returns are involved. It would be great it you could make a step by step video as it will help the small vendors to file returns by themselves. If already uploaded please share the link.
Hello Shaifaly M'am, You explained very well. Very much appreciable. 1. Just wanted to know that "File Retrurns" tab / button is Greyed-out or disabled when I check the Dashboard after logging-in to GST website. Do you have any suggestions or ideas. 2. Where can I see the "Export Invoice" option in GST website after logging-in. As there is no such option under my account. Could it be due to "File Retursn" tab is currently Greyed-out. kindly suggest
Hello mam We are dealing in karyana items In case of sale return invoice no agst which material is return has to mention in 9b of gstr1 But some items received in sale return are from july month and some are from aug month In this case what will be inoive no against which sale return is linked
Hello Mam, You doing a great job, i have a question that how to get return which is already paid in raw material for non GST member? without GST registered farm- Is it able to take 18% from finished product( Industrial automation ) for non-GST member?
Can you please also explain what all vouchers have to be issued and tax implications for 'free replacement under warranty scenario?'. Following are the two use cases- First Case- 1. We had sold the goods (suppose Pump) to a consumer before the GST was effective (i.e. before 1st July 2017). 2. Now, the pump developed some problem and the customer returns the used pump to us as it was under warrany of 1 year. (which voucer do I need to issue to him and what taxes to add to it?) 3. Now, we have to send the defective pump to our supplier for replacement (what voucher to issue at this point?) 4. The supplier sends the new pump free of cost to us (what voucher he will use and how will we enter in our system) 5. We give the new pump to the consumer (what voucher to be used now and what are the tax implications?) Overall, will we have to pay any taxes to Govt for this free replacement to consumer due to defective product? Second case- The same scenario as above except that goods were sold to customer on or after 1st July with a GST tax invoice. If you can upload a video of the same creating the required vouchers in Tally, it will be great.
Plz clear me one thing if creditor issue me sale return then who will make entry on gstr1 whether supplier or by me in my gstr1. Reply me on ASAP. Thanks you are a great mentor..
Thanks Shefaly madam for explaination on.return.goods.. i have a query. During transision phase i.e before 30th jun our parties had returned some goods to us which were sold under vat period . we have received the goods now in gst period.. how do we issue credit notes for the same..whether it will include gst ? if so..shall we take a freah return document from our parties which will show gst value..
In Debit Note, these is reference of Original Invoice Number. Can't we prepare credit note of multiple Original Invoices. Suppose I want to prepare credit note of all invoices in respect of a month. Can i prepare a single credit note of all those invoices?
Hello Mam, thank you for guiding on one of the small but sensitive issue. I would like to ask herewith a small issue. What shall be the treatment of Sales Return in the month of July for which Sales was made in June (before GST). Buyer falls under B2C (Small) category in GST. Kindly help Credit note treatment as well as how to show it in GSTR - 1. Thank you.
Kindly reply to the query. Suppose Recipient has received taxable goods under GST invoice. On inspection by recipient, 2 items out total 5 have been rejected and these are to be returned to the supplier for replacement whose place of business is in other state. What document does the recipient need for transportation of rejected goods back to the Supplier?
You have discussed b2b supplyes If a treders sells goods to a customers and collect gst on it and the customers wants to returns back the goods to the trader, should a trader returns the gst amount to the customers
What will be situation if recipient cover under composition scheme in gst. (Special in case where recipient return goods after the date when supplier filled the return and deposit the taxes.)
Thanks Mam, my one more request is that you may please explain also about the implications of credit note and their display effect in GSTR - 9 & GSTR - 9C routed from GSTR - 1 & GSTR-3B in a separate video if possible for you. Thanks again
How to sales return before Gst implementation material after 1st July, Is GST charge on credit note, if yes then how to connect with non Gst invoice and file GSTR1?
Does there is any condition related to ITC under GST on Sale return,like in earlier Vat there was a conditio if good are return with in 180day from the date of sale then only Input vat will be available.
hello ma'am what is location of supplier in case if a person lives in delhi and he also have a property in other state from where he is getting rent (rented for commercial purpose), do he needs to register under such other state, in other words what he will charge in his invoice IGST or CGST & SGST after getting himself under such other state
2nd query. what if a supplier get sales return from haryana or any other state from last month but does not have any sale in current month to haryana . then in this what should we do in GSTR 3B & GSTR 1 AS WELL . It's a B2C sale
mam will you explain the treatment of closing stock with out taxable bills or treatment of closing stock with taxable bills, actually we are the garments manufacturer we purchase raw cloth from traders,some time with taxable bills or some time without taxable bills that means in cash ,will you explain the treatment of both these closing stock left with us before the enactment of gst,
hi shaifali i want to know few things please explain 1.what will be tax structure. for unregistred supplier when he. purchese goods from unregistred supplier within state 2. unregistered dealers can purxhese goods from other states??? if yes then what will be tax structure in case of interstate puchese of goods from. unregistered to unregistered supplier and. interstate puchese of goods to unregistered supplier. from registered supplier
Hey -Unregistered to unregistered supply will be out of GST preview - In case of interstate supply you will be liable to register without any threshold limit
Mam thanks for video, i am a tile dealer so can u clear my one dought plz, suppose In Aug month I made sale of 100000 rs B2CS and receive product as sale return of 10000 rs (Which I sold in July month) now my dought is what amount should I have to enter in 7-B2C(Others) 100000 or 90000 and second do I have to pass entry of all credit note of RS 10000 in 9B- credit/debit note(unregistered). Plz help
I have one question regarding the issuing of credit note if goods are returned after supplier's gstr-1 but before recipient's gstr-2. Whether I have to issue credit note or I can issue a new final invoice adjusting the return in that? plz answer!
If i exchange old mobile ( or other goods ) with new mobile i can generate invoice like this new goods price Rs.10000 - old goods price Rs.5000 = net price Rs. 5000 + GST = Total invoice value
A lot is said about sales return received from registerd dealer. What about sales return received from unregistered dealer. Where to report this in GSTR1 ? Is it to be net out.
Mam agar GSTR1 mein Debit note ka entry kar de toh GSTR3B mein bhi ITC Reversed mein uska entry lena hoga. Ya phir dono mein se koi ek karna hoga. Pls. reply
hi, i have daught about sales return and purchase ,if party return goods to supplier( purchase return) in cash mean they return the goods and immediately collect price of that return goods can i treated as debit not or note ? if not so what effect in gst return and also confusing with sales return please answer me as soon as possible
Hello Friends,
Now you can buy our book with comprehensive coverage of GST online from the following link goo.gl/zbvfSn. We would love to hear your feedback on how you like it!
Nice
lallitmaheshwari@gmail.com
Kindly dhare contact.
Mam Nil rated goods ka debit / credit note kaha show hoga GSTR return me
agar credit note unregistered person jo ki 2.5L ke below hai wo dal di galti se to use next month mai kasise amendment kare, wo negative values bhi nahi kar sakte amendment karke our zero bhi nahi kar sakte amendment karke please help.
Madam it is nicely concluded and the confusion on rumor has been removed logically. Thanks a lot
Very well explained mam cleared my douts which I was not able to understand
So well explained....this is for the first time I am giving a feedback to a UA-cam video.... Feeling lucky that I subscribed to Consult Ease....
बहुत ही सुन्दर महोदया
Madam Ji bhoot bhoot shukriya
thanks mam for ur guidance in sales retun in gst
i can suggest u make video with jounarl entries it will clear all doubts very easily
regarding purchase/sales/sales retun /purchase retun
Good explanation keep it up its clear my doubt in simple way 👏👏👏👍
Your team is doing a noble Job , Keep it Up !!
Hi, the insights given by you on GST is really good. Can you throw some light on how to do the calculation of IGST, CGST & SGST payble after all sequential adjustments for a particular period (One Month) for Retailers. I would appreciate your prompt reply on this.
Thanks for clear dabit and credit note
Thanks for the video. I cleared al my doubts
Excellent detailed information. May you make video on when Client do not accept invoice?
Madam,
I would like to thank you for imparting the valuable information on GST in your videos. Please, make it clear how the goods would be returned and movement of goods be made under GST from buyer's end assuming the value of goods returned is exceeding Rs 50000/- and the supplier would not issue any credit note for such goods , intended to be returned until the such goods reaches to him.
Thanks
P.L.Singal
Delivery challan will be there....when movement of goods is for other reason than supply then Delivery challan will be issued...e-way bill will also be prepared based on it
very clearly explained thank yiu so much mam
Thanks for knowledge
VERY GOOD SAMJHAYA
Hi Shaifaly,Very Nice explanation related to Sales Return and Credit Notes...... Thx a Ton............Kind Regards
Explained very well.
Ma'am , Medicine expiry lete samay recipient se uska invoice banake lena padega kya?? Aur jo Medicine VAT me sell ki thi means 1 or 2 year pehle, jo abhi expire hue hai uske liye kya karna padega??
good n very helpful. we r doing business with gov. agency. in one party according to contract with them v r supplying part part goods but v can make invoice after supply total goods. Till today v r supplying goods on challan n after final supply v raise invoice. pl suggest in GST how will take place.
Very very usefull video.
very nice and well explained
thank you
very well explained
Please accept our apologies for wrong editing on the split screen. The logo is overlapping the face.
Free mai gst sikha rhe ho yhi bhut hai no apologies required
Dear Shaifaly, Thanks for your nice video, can u please explain that ,In manufacturing Company what will be the treatment of services which we a availing...such as loading and unloading, transportation, professional fee and all in which service tax is treated. how we can take credit input for it. and where we have to show these expenses in return
Thanks for your video, it was very help full. i have a query sir! i am a stock trader, i am earning from stock market on daily basis. on an average 1000 per day, my broker charge 60 rs. including securities tax, gst and other service charge. Apart from that there is pending amount 9640. should i need to pay the gst for the same amount, if yes than how i will do this and to whom the credit will be transferred through gst filing?
Please answer me as earlier possible. Hope for your positive response soon.
nice information. I am from diamond Indusries. My question is If goods return after six month then how you will pass entries in the books of account. Please note that tax rate is also change in the month of Jan i.e. 3% to 0.25%
debit and credit note is compulsory to raised with the tax or it can be used without tax also.?
how to show sales return in case of b2c? e.g if a supplier sales goods online and get some sales return of last month (rate 18%) and now in current month he sales the product( @28%) the how to deal with it in gstr 3b and in GSTR 1 as well
mam Cement co comission Ka credit note jari karte hi kya hame us credit note ko debit note dikakar pur may dikana hi ya income dikani hi
Buyer is issuing debit note in case of sales return. Do I need to make credit note of the same or not ? If not, where to show the debit note entry in gstr 1 ? Lastly, will the buyer upload debit note online and it will be reflected in my gstr 2 ?
Can you please clarify what is the tax rate on textiles. Whether cotton handloom goods exempt from tax.
Thanks Madam
Thanks for the Video. I have received Sales Return from my Registered Customer during Jun 2019. The reason is he is unable to sell the Goods, The original Invoice was of Dec 2017. While refunding the amount to my customer, should i refund only Taxable OR should i refund Taxable +GST
Sales return in e-commerce business very high. Is it mandatory to keep all return lable / bills which are courier return , cancelled orders after invoicing aswell as customer returns. if you have uploaded any video kindly share link. If not kindly upload , it will very helpful to many vendors.
Thank I will try to upload such video
kuck
Brij Mohan Mehtaa ?
yes such a video is needed, how to file the GST Return where sales returns are involved. It would be great it you could make a step by step video as it will help the small vendors to file returns by themselves. If already uploaded please share the link.
Excellent ellaboration. can you please address an issue where the buyer does not accept the invoice?
very good
madam, on 31st march, i had passed post sales discount for whole years to customers with gst and issued credit note. This is correct way.
What document is issued for return purchased goods?? Is it tax invoice or debit note
Hello Shaifaly M'am,
You explained very well. Very much appreciable.
1. Just wanted to know that "File Retrurns" tab / button is Greyed-out or disabled when I check the Dashboard after logging-in to GST website. Do you have any suggestions or ideas.
2. Where can I see the "Export Invoice" option in GST website after logging-in. As there is no such option under my account. Could it be due to "File Retursn" tab is currently Greyed-out.
kindly suggest
Hello mam
We are dealing in karyana items
In case of sale return invoice no agst which material is return has to mention in 9b of gstr1
But some items received in sale return are from july month and some are from aug month
In this case what will be inoive no against which sale return is linked
In case of e-commerce operater if there is sale return then also we have to issue credit note?????
Hello Mam,
You doing a great job,
i have a question that how to get return which is already paid in raw material for non GST member?
without GST registered farm- Is it able to take 18% from finished product( Industrial automation ) for non-GST member?
Can you please also explain what all vouchers have to be issued and tax implications for 'free replacement under warranty scenario?'. Following are the two use cases-
First Case-
1. We had sold the goods (suppose Pump) to a consumer before the GST was effective (i.e. before 1st July 2017).
2. Now, the pump developed some problem and the customer returns the used pump to us as it was under warrany of 1 year. (which voucer do I need to issue to him and what taxes to add to it?)
3. Now, we have to send the defective pump to our supplier for replacement (what voucher to issue at this point?)
4. The supplier sends the new pump free of cost to us (what voucher he will use and how will we enter in our system)
5. We give the new pump to the consumer (what voucher to be used now and what are the tax implications?)
Overall, will we have to pay any taxes to Govt for this free replacement to consumer due to defective product?
Second case-
The same scenario as above except that goods were sold to customer on or after 1st July with a GST tax invoice.
If you can upload a video of the same creating the required vouchers in Tally, it will be great.
Query
If in a particular month there is no sale but sales return is there and net sales value is negative then how and where to show in GSTR3B ?
In GST ACT,Is there any provision to issue a debit note, by the buyer? Supplier and buyer both are registered person.
what in case of B2C sales return ? pls specify.We are wholsale teaders in medicines.
Plz clear me one thing if creditor issue me sale return then who will make entry on gstr1 whether supplier or by me in my gstr1. Reply me on ASAP. Thanks you are a great mentor..
Thanks Shefaly madam for explaination on.return.goods..
i have a query. During transision phase i.e before 30th jun our parties had returned some goods to us which were sold under vat period . we have received the goods now in gst period.. how do we issue credit notes for the same..whether it will include gst ?
if so..shall we take a freah return document from our parties which will show gst value..
Dear Shaifaly,
Your video is valuable but we not get my right answer.
With Regards
Suresh Singhal
very nice explained.. but plz slow ur speed..
which challan / Bill will be issued at the time of movement.
MRP based sellers retailer can take composite scheme in gst ? Please elaborate with example.
In Debit Note, these is reference of Original Invoice Number. Can't we prepare credit note of multiple Original Invoices. Suppose I want to prepare credit note of all invoices in respect of a month. Can i prepare a single credit note of all those invoices?
Hello Mam, thank you for guiding on one of the small but sensitive issue.
I would like to ask herewith a small issue. What shall be the treatment of Sales Return in the month of July for which Sales was made in June (before GST). Buyer falls under B2C (Small) category in GST. Kindly help Credit note treatment as well as how to show it in GSTR - 1. Thank you.
Kindly reply to the query. Suppose Recipient has received taxable goods under GST invoice. On inspection by recipient, 2 items out total 5 have been rejected and these are to be returned to the supplier for replacement whose place of business is in other state. What document does the recipient need for transportation of rejected goods back to the Supplier?
You have discussed b2b supplyes
If a treders sells goods to a customers and collect gst on it and the customers wants to returns back the goods to the trader, should a trader returns the gst amount to the customers
thanks
What will be situation if recipient cover under composition scheme in gst. (Special in case where recipient return goods after the date when supplier filled the return and deposit the taxes.)
My question is.. When sales return done then we can treat sales return as input tax credit. Mean we can treat as assets... Please give me answer
Any format for bill , supply of good to customer like medicine shop above 200
Thanks Mam, my one more request is that you may please explain also about the implications of credit note and their display effect in GSTR - 9 & GSTR - 9C routed from GSTR - 1 & GSTR-3B in a separate video if possible for you. Thanks again
Thanks mam
Vry good
Does tax will refund or not, please make sure
How to sales return before Gst implementation material after 1st July, Is GST charge on credit note, if yes then how to connect with non Gst invoice and file GSTR1?
Does there is any condition related to ITC under GST on Sale return,like in earlier Vat there was a conditio if good are return with in 180day from the date of sale then only Input vat will be available.
hello ma'am what is location of supplier in case if a person lives in delhi and he also have a property in other state from where he is getting rent (rented for commercial purpose), do he needs to register under such other state, in other words what he will charge in his invoice IGST or CGST & SGST after getting himself under such other state
2nd query. what if a supplier get sales return from haryana or any other state from last month but does not have any sale in current month to haryana . then in this what should we do in GSTR 3B & GSTR 1 AS WELL . It's a B2C sale
Miss kya app bta scti hai ki purchase return kese show kre gst mai aur oska process kya hota hai mens kon si bill book chahiye hogi?
Dear Ma'am, Beach Sales Return in Direct HO than Sales Return Return Credit Note Pass at Branch Account or Not. .
Hello Mam. If Goods are purchased in SGST and want to make Inter-State sale. Shall I make my invoice in (SGST+CGST) or completely in IGST.
what documents required with vehicle at the time of return of goods by buyer
mam will you explain the treatment of closing stock with out taxable bills or treatment of closing stock with taxable bills, actually we are the garments manufacturer we purchase raw cloth from traders,some time with taxable bills or some time without taxable bills that means in cash ,will you explain the treatment of both these closing stock left with us before the enactment of gst,
We have a separate video on shifting of stock
Thanks for this video.
can you make a video with GSTR3B returns with credit note with workings.
ma'am cash mai kitne rupey tak ki invoice bana sakte hai
person obtaining voluntary registration can he show his previous aggregate turnover in gstr-1
Thanku mam.
hi shaifali i want to know few things please explain
1.what will be tax structure. for unregistred supplier
when he. purchese goods from unregistred supplier within state
2. unregistered dealers can purxhese goods from other states???
if yes then what will be tax structure in case of interstate puchese of goods from. unregistered to unregistered supplier and. interstate puchese of goods to unregistered supplier. from registered supplier
Hey
-Unregistered to unregistered supply will be out of GST preview
- In case of interstate supply you will be liable to register without any threshold limit
very complex
Good
how and where to treat the credit note in gstr3b of next month of sale
Gud mrng dear. Pls show practically sales returns on Tally
Mam thanks for video, i am a tile dealer so can u clear my one dought plz, suppose In Aug month I made sale of 100000 rs B2CS and receive product as sale return of 10000 rs (Which I sold in July month) now my dought is what amount should I have to enter in 7-B2C(Others) 100000 or 90000 and second do I have to pass entry of all credit note of RS 10000 in 9B- credit/debit note(unregistered).
Plz help
If we wanted to return goods to supplier but transporter is asking for invoice copy so which document to show in goods return to transporter.
How to take care of turnover discount or incentives on monthly sales, display discounts cr note in with original invoice number is not mention
Nice
What will happen in case of sales return from Unregistered buyer of invoice raised more than 6 months back??
VERY -2 SUPPORTIVE.....
I have one question regarding the issuing of credit note if goods are returned after supplier's gstr-1 but before recipient's gstr-2.
Whether I have to issue credit note or I can issue a new final invoice adjusting the return in that?
plz answer!
Hi Ma'am,
Weather Clear tax (online tool) is better option to use for gst invoice and returns?
If i exchange old mobile ( or other goods ) with new mobile i can generate invoice like this
new goods price Rs.10000 - old goods price Rs.5000 = net price Rs. 5000 + GST = Total invoice value
Niraj Thakkar in my view no. You have to pay GST on 10000 as consideration includes all benefits flowing from buyer to seller.
A lot is said about sales return received from registerd dealer. What about sales return received from unregistered dealer.
Where to report this in GSTR1 ? Is it to be net out.
Mam agar GSTR1 mein Debit note ka entry kar de toh GSTR3B mein bhi ITC Reversed mein uska entry lena hoga. Ya phir dono mein se koi ek karna hoga. Pls. reply
Will the same procedure apply incase of goods are returned by unregistered dealer?
Please explain how to generate credit note if sale returns from unregister person
hi, i have daught about sales return and purchase ,if party return goods to supplier( purchase return) in cash mean they return the goods and immediately collect price of that return goods can i treated as debit not or note ? if not so what effect in gst return and also confusing with sales return
please answer me as soon as possible
Supplier ko credit note gstr 1 pe uplode karna hoga??
mam one question when sale return is more than the sales in interstate from unregistered person than how to show in gstr 1 and gstr 3b