What about the products returned of VAT regime, under GST regime. What are the possible treatment ? Can sales return will happen of those products , if yes how it will be shown?
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Answers ( 2 )
If transaction is between registered persons it is to be treated as supply. If return from unregistered person, registered person is required to claim as refund under VAT
If such goods are dispatched in june and the same is received in July or august.