GST Transition – Goods Received/ Returned after Appointed Day

 

Dear Reader,

Understanding the transition provisions are of prime importance as the same would help in the smooth transition to the New GST Regime. Certain situations such as return of goods sold, receiving of the goods after appointed day, change in price of goods/ services can arise during the transition phase. Some of them are discussed in this Article.

24 Comments

  1. 1. Is there any GST liability if purchase consideration is paid for takeover of old co. in the case of merger?
    2. In GST do we have the same scheme of rebate and dutydrawback for exports?
    3. Stock as on 30.06.17 VAT paid for the same of 5% how much credit can be c/fd or claimed as per GST?
    4. Stock imported excise duty paid 18% how much credit can be claimed full 18% or is there any proportionate % to claim credit as per GST?

    Please revert as soon as possible

    • Dear Akash,

      Please find reply below

      1. Is there any GST liability if purchase consideration is paid for takeover of old co. in the case of merger? This is still not clear. We will keep you updated.
      2. In GST do we have the same scheme of rebate and dutydrawback for exports? Yes
      3. Stock as on 30.06.17 VAT paid for the same of 5% how much credit can be c/fd or claimed as per GST? As per current GST Provision 60 % Credit available.
      4. Stock imported excise duty paid 18% how much credit can be claimed full 18% or is there any proportionate % to claim credit as per GST? 60%

      Please mail us at info@uja.in in case of any query

  2. We are providing service to Customer and bill them on 1st of subsequent month. Now, if we need to bill for the services of June`2017 in the first week of July`2017 whether we can charge service tax ? Kindly explain in detail if we need to charge GST .

    • If you issue the bill in the month of July, you are liable to GST .Better way, you issue the invoice in the month of June itself and charge service tax.

  3. I love your lessons. You are so patient and really get that us beginners need simple, slow, kind teaching before we start to fly. I call you ‘ the nice British man who teaches me things’. Thank you. Lisa

  4. What if goods are returned after 6 months then also , GST will be paid by who is returning the goods?

  5. Dear Sir,
    if demo or other taxable material returned from unregistered person after June 17, what how cenvat of ex duty will be taken when ERI has been already file for June 17.

    • Dear Daxesh,
      It is considered as new supply and considered as purchase; and you are required to pay taxes under reverse charge.

  6. i have purchased exempted goods on 24/06/2017 and got the goods on 6/7/2017. i found that the GST on that good now is 5%. its a interstate purchase. what will be the effect of it in account books?

  7. I have purchased packing material in May 2017 in Maharastra from Delhi. Product is having 12.5% excise and 2% CST against c form. IT is rejected and now I want to send it back to the supplier. How the invoice can be made for returns? can you guide

  8. Dear Sir,
    If a registered company special purpose vehicle out for demo purpose (not for sale) on June17 & only excise duty paid as per rule. Now this vehicle return as such to original premises on July 17. What is the tax system as per GST law. Can this existing excise duty credit taken as per GST rules. If yes, how to account for.

  9. We have supplied goods on IGST on 9th of July 2017 to the dealer and sent a bill to him on receiving the goods he rejected the goods thereupon at the same moment and cancels the bill. that is he does not accepted the delivery and hasn’t entered that goods in his books of accounts.
    what will be the treatment of such supply in the my books of accounts as credit note cannot be issued as he has not entered the supply in his books.

  10. payment made june’17 party c forms bill submiteed Aug’17, material received june’17
    Bill books possibel aug’17 with c form liabilities

  11. payment made june’17 party c forms bill submiteed Aug’17, material received june’17
    Bill books possibel aug’17 with c form liabilities

  12. sir
    we purchased some textiles mererials from kolkatha on gst bill. we want to return the goods to the same party.
    is there have any form prescribed by the gst for purchase return?
    please send the form if it is mandatory

  13. Can freight bills pertaining to pre gst period be booked after 30th July 2017 if received later and do we need to deposit gst or service tax on it under RCM..???

  14. Purchase bill date 29-07-2017, Materials Received on 02-08-2017.so, We this bill is submitted in august 2017.Can i claim credit or not, show me the way is highly Appreciated

  15. I have purchased gold jewelery.i paid including gst.but as it has been rejected next day we went to that retailer he returned and claimed gst on new jewellery but has not returned us the gst on the previous jewellery.
    What to do?

  16. if first buyer buy the product from seller and paid gst also.then after 20 days seller also pay the gst to government.then after 1 month buyer is come and said to seller take this product because some defect on this so take this and return my money.so that time seller what to do ?

  17. Dear Sir,

    Good Afternoon!!!

    We have a Manufacturer of Electrical Goods based in Jagadhri (Haryana). We had dispatched the material to our Kolkata Vendor on 16-10-2017. Some of raw material rejected by Vendor and we had replaced the rejected material from local Kolkata suppliers to our Vendor. Now, we have to return back the rejected material from our Kolkata Vendor.

    Que: 1. What documents should be required for return back the rejected material worth Rs. 5000/- ?
    Que: 2. Is IGST and e-waybill will be applicable or not ?
    Que: 3. Can we lift back the material through Challan against rejection. If yes then please provide Format for the same.

    Your suitable reply is eagerly awaited.

    • Dear Sir,

      With reference to your queries our inputs are as under:

      Que: 1. What documents should be required for return back the rejected material worth Rs. 5000/- ?

      Delivery challan would suffice.

      Que: 2. Is IGST and e-waybill will be applicable or not ?

      E-way bill will be applicable for inter-state transaction if the value is more than Rs.50,000/-.

      IGST is applicable when there is gap of more than 06 months between original sales bill and return of materials to your place

      Que: 3. Can we lift back the material through Challan against rejection. If yes then please provide Format for the same.

      Answer provided in Q-1

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