During the month of June, Tata Ltd. sold goods to Bata Ltd. for ₹4,40,000 and charged GST @ 18%. However, owing to some defect in the goods, Bata Ltd. returned some of the goods by issuing debit note of ₹27,000 plus GST
CS Executive · Tax Laws · PYQS · December 2022
During the month of June, Tata Ltd. sold goods to Bata Ltd. for ₹4,40,000 and charged GST @ 18%. However, owing to some defect in the goods, Bata Ltd. returned some of the goods by issuing debit note of ₹27,000 plus GST in the same month. Tata Ltd. records the return of goods by issuing a credit note of ₹27,000 plus GST in the same month. In this situation, GST liability of Tata Ltd. for the month of June will be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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