Credit note

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2017 Hi Sir,

Please Let me know that We raised the Invoice in April 2017 under CST, now we want to raised a credit note to customer against that invoice towards rate difference.

So Pls clarify that how can we raised credit note under gst regime.

Can We raise the Credit Note without any tax component or can we hit OUTPUT IGST.

Thanks
Abhai Gupta

RAJA P M

RAJA P M (Expert)
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31 July 2017 Yes. You can give GST based return.

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2017 Hi,
But In april 2017 we raised invoice under CST and paid CST liability by 2% now under can we reduce our IGST tax Liability by 18% on april 2017 invoice.

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2017 so finally who is liable to pay difference amount of tax either company or customer

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2017 and what entry we have to make in our books

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