Credit note reduction in tax''''urgent''''
Querist : Anonymous
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
Querist : Anonymous
Is it correct....
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