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Credit Note - Karnataka

This query is : Resolved 
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(Querist)
29 November 2007 Hi ,

I wanted to know if a dealer has issued credit note on account of discount with in 6 months of the tax invoice , will his tax liability be reduced or not ?
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M.JANAK RAO

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M.JANAK RAO (Expert)
29 November 2007 yes tax liabilty be reduced and revised return submitted
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Preeti

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Preeti (Querist)
29 November 2007 Discount mentioned here is of the type given after the issuance of invoice
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