CUSTOMER CREDIT NOTE
This query is : Resolved
06 August 2020
Sir, We are into wholesale business of plastics & crockeries. We used to bill to retail customer products. Few retailers return the materials damaged without documents and make reduced payments. We used to prepare CREDIT NOTE & account ourselves.
Now when we file GST Returns we used to less these taxes of returns and pay. Is there any issue ? moreover few retailers do not maintain properly books of accounts. How department will match the transaction ?
Now when we file GST Returns we used to less these taxes of returns and pay. Is there any issue ? moreover few retailers do not maintain properly books of accounts. How department will match the transaction ?
06 August 2020
1 No issue.
2 Dept will look for matching the return.
2 Dept will look for matching the return.
06 August 2020
One of the condition for reducing the GST liability through credit note is that the recipient should reverse the ITC availed by him on the relevant invoice.You need to get this confirmed from retailers if they are availing ITC. If they are not availing ITC then there should not be any problem.
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