Credit note

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)
Follow

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

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mukesh Singh

Angadi & Co

v.rama krishna

FCA. LAL BAHADUR SHASTRY GUBBA

MUNISH KUMAR

Subscribe Now

Credit note

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

GST CONSULTANT

Senior Executive

Accountant