Credit note reduction in tax''''urgent''''

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2017 Dear Experts
We have issued the invoice in July but we have issued the credit note against the same bill in September for rate difference. Pls tell me can I adjust the tax amount of this CN against the tax liability of September. E.g. tax liability for the month of September :- 100000
Less CN tax. 1000

Balance tax to be paid I.e. 99000/-

Pls clarify is it correct....

Thanks
Mukesh Chauhan

Udaya Chandran

Udaya Chandran (Expert)
Follow

16 October 2017 You can upload the credit note in the month of September and mention the original invoice number to reduce the liability.

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2017 Sir basically what is the time limit to issue credit note as per my view for FY 2017-18 CN can be issued up to 30/9/2018 or due date of filing annual return whichever is earlier...

Is it correct....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anoop

Vidit Ratanghayra

Rasheed Mohd Abdul

Choudhary

Raj Gupta

Subscribe Now

Credit note reduction in tax''''urgent''''

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

Article Assistant

GST CONSULTANT