CREDIT NOTE IN GST

This query is : Resolved 
Quick Summary
Clearing and forwarding agents sometimes receive payments for services or expenses from third parties on behalf of clients. In such cases, they issue credit notes to their clients. The discussion confirms that this is the correct GST procedure, provided the credit note is not a mere reimbursement. GST is applicable to these credit notes.

Profile Image

Profile Image

(Querist)
10 February 2020 Hi,we works as clearing and forwarding agent and sometime our service charges or any expenses related to formalities are directly paid by third party on behalf of our client and for such transactions we issue credit note to our clients.Please let us know that by issuing Credit not we are following right procedure or not.we are also registered to GST department.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
11 February 2020 Yes you are following the right procedure GST applicable on such credit note other than reimbursement.
Profile Image

PRATIKKUMAR

Profile Image

PRATIKKUMAR (Querist)
11 February 2020 THANK YOU VERY MUCH SIR
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
11 February 2020 Welcome...................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member ChoudharyChoudharyPro Member YARRAMREDDY MYARRAMREDDY MPro Member swaminathanswaminathanPro Member Prakash MistryPrakash MistryPro Member AjayAgarwalAjayAgarwal
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category