banner_ad

Credit notes

This query is : Open 
Profile Image

Profile Image

(Querist)
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
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
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.
Profile Image

Vishnu

Profile Image

Vishnu (Querist)
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
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
17 April 2018 Yes... The Receiver account the credit note* as per supplies* received date...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details