Credit notes
This query is : Open
16 April 2018
We have recieved credit notes from the supplier .. should we consider in the month of march for the financial year 2017-2018 or can we consider before September .. as the ACT says
The details have to be declared on earlier of the following dates:
September following the end of the year in which such supply was made,
the date of filing of the relevant annual return
Kindly clarify
The details have to be declared on earlier of the following dates:
September following the end of the year in which such supply was made,
the date of filing of the relevant annual return
Kindly clarify
16 April 2018
The person who issues a credit note in relation to a supply of goods
or services or both must declare the details of such credit note in the
return for the month during which such credit note has been issued
but not later than September following the end of the financial year in
which such supply was made, or the date of furnishing of the
relevant annual return, whichever is earlier.
or services or both must declare the details of such credit note in the
return for the month during which such credit note has been issued
but not later than September following the end of the financial year in
which such supply was made, or the date of furnishing of the
relevant annual return, whichever is earlier.
Message likes :
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16 April 2018
Chakrapani sir thanks for the clarification that means the receiver has to show it in the same month he receives..Is it right
17 April 2018
Yes... The Receiver account the credit note* as per supplies* received date...
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