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Credit note for professional fees

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(Querist)
30 July 2019 Whether credit note can be issued for stock audit fees.

One ca Firm provided stock audit services and accordingly issued invoices charging GST.But now party is not making payment so the firm issued credit note to claim gst paid earlier. Whether it is a correct stand or such amount should be written off as bad debt.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 July 2019 It is not a correct stand, such amount should be written off as bad debt.
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CA Meet Sagarka

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CA Meet Sagarka (Querist)
31 July 2019 I agree with your answer. But is there any provision or section under the gst act or accounting standard prohibiting such accounting
treatment.
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