When goods are returned by a customer or the price is adjusted, GST legislation requires the retailer to issue the customer with _________________for all amounts totalling more than $50.

Question

Quizplus · Accepted Answer

GST legislation requires retailers to issue an adjustment note to customers when goods are returned or prices are adjusted, if the total amount is more than $50. An invoice and a reverse tax invoice are used for initial sales, not returns or price adjustments, and a return note is not a recognized document for GST purposes.

When Goods Are Returned by a Customer or the Price