Purchase of Battery from Supplier & Buyback of existing battery, Goods and Services Tax - GST

[JOHN SHANNEL]

Hello experts,

We are buying battery from supplier at 15k per battery. The supplier also agreed to buy back the existing batter at 5k per battery.

How Invoice to be raised?

a. Should he raise invoice of 15k for new battery and i should raise sale of old battery @ 5k OR

b. Supplier can raise Invoice at 10k per battery?

Please clarify.

Posts / Replies

[Sadanand Bulbule]

Dear Mr. John

Both are independent transactions. Your understanding at "a" is correct and accordingly tax invoices are to be raised.

[KASTURI SETHI]

First method (a) is correct. 

[Shilpi Jain]

If you are a registered person then 'a' is the right way to do it.

[JOHN SHANNEL]

Thanks everyone for the clarification.