CREDIT NOTE FOR REBATE
This query is : Resolved
Quick Summary
ANIL MATHUR
(Querist)
05 March 2020
Can we issue a credit note without charging the GST to our customer on account of Rebate on performance Basis.
Gokul Sharma
(Expert)
05 March 2020
yes its called cash discount.
ANIL MATHUR
(Querist)
05 March 2020
Thanks Gokul Ji for prompt reply, we are issuing the post sale credit note without GST on the basis on performance of Customer, is it correct or not ?
ANIL MATHUR
(Querist)
05 March 2020
Thanks Gokul Ji for prompt reply, we are issuing the post sale credit note without GST on the basis on performance of Customer, is it correct or not ?
CA R SEETHARAMAN
(Expert)
05 March 2020
Yes it's correct it will be called as financial credit note on which GST not applicable.
ANIL MATHUR
(Querist)
05 March 2020
Sir, Can provide the detail under which section of GST the Financial Credit Note is not taxable.
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