Jul 05, 2024
Prepared by
It is very common that customers of e-commerce companies return goods. How these returns are going to be adjusted?
An e-commerce company is required to collect tax only on the net value of taxable supplies. In other words, value of the supplies which are returned are adjusted in the aggregate value of taxable supplies.
Tags
commontaxable-suppliesadjustedgoodscommerce-companiescustomersvaluereturnaggregate