Easy Office
LCI Learning

Rate reduction under gst

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 April 2018 Dear Sir,

There is one case where price of our parts get reduced , we want to issue credit note for the same to customer.

Kindly guide me whether we have to charge GST on this credit note.

Vise versa what should we do in case of increase of rate as well?
Profile Image

CA Suresh Jain

Profile Image

CA Suresh Jain (Expert)
09 April 2018 The credit note should be issued with GST applicable. The GST on credit note is to be reduced from your liability for the month in which credit note is issued.
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
09 April 2018 Yes... GSt applicable for the Credit note if it's Rate reduced or Increased




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links