Under GST Regime ,Interstate Sales Return Has To Be Registered At The Original Selling Location
Last updated on MAY 29, 2017
Applies to:Oracle Retail Sales Audit - Version 126.96.36.199IN and later
Information in this document applies to any platform.
Under Goods and Services Tax [GST] regime, if the sale happened at store A which is in state A and the customer returns the same item at store B of the same retailer which is in state B,the return has to be registered at store A along with the tax reversal applicable to store A. Currently if the customer returns an item at store B, it is registered as a return in store B regardless of from which state's store, the item is purchased.
Also the stock in RMS has to be updated accordingly. In the above the case, when the customer returns the item at store B, the stock on hand of store B should not increased, rather, the stock on hand of store A should get increased.
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