Credit note issued by supplier
This query is : Resolved
raghavendra b
(Querist)
21 October 2018
DEAR SIR,
ONE OF MY CLIENT DID NOT ACCOUNTING CREDIT(FOR ISSUING DISCOUNT) NOTE FROM JULY 2017 TO JULY 2018, SUPPLIER EVEN NOT ISSUED CREDIT NOTE MANUALLY OR UPLOADING B2B INVOICES NOW THEY ARE UPLOADED CREDIT NOTE IN GST PORTAL. NOW MY QUESTION IS WHETHER I WILL DECLARE OUTPUT TAX LIABILITY OR REDUCE THE PURCHASE VALUE. BECAUSE MY CLIENT HAS CREDIT LEDGER BALANCE MORE THAN 55000. SO WHICH WAY IS CORRECT TO DECLARE
REGARDS
ONE OF MY CLIENT DID NOT ACCOUNTING CREDIT(FOR ISSUING DISCOUNT) NOTE FROM JULY 2017 TO JULY 2018, SUPPLIER EVEN NOT ISSUED CREDIT NOTE MANUALLY OR UPLOADING B2B INVOICES NOW THEY ARE UPLOADED CREDIT NOTE IN GST PORTAL. NOW MY QUESTION IS WHETHER I WILL DECLARE OUTPUT TAX LIABILITY OR REDUCE THE PURCHASE VALUE. BECAUSE MY CLIENT HAS CREDIT LEDGER BALANCE MORE THAN 55000. SO WHICH WAY IS CORRECT TO DECLARE
REGARDS
CA R SEETHARAMAN
(Expert)
21 October 2018
Reduce purchase value........
raghavendra b
(Querist)
22 October 2018
THANK YOU SIR FOR YOUR KIND REPLY
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