Debit note
This query is : Resolved
20 April 2009
Dear experts,
Please and anybody guide below mentioned issue:
While purchasing the materials, the CST rate was @3%(Interstate purchases). Now they have raised a debit note (in March,09) as they didn't supplied those invoiced materials. Now CST rate is 2%.
Please clarify whether debit note should raised for 2%or 3%. (My confusion is invoice raised for 3% but debit note raised for 2%. Is this correct)
Regards,
Bharath CV
Please and anybody guide below mentioned issue:
While purchasing the materials, the CST rate was @3%(Interstate purchases). Now they have raised a debit note (in March,09) as they didn't supplied those invoiced materials. Now CST rate is 2%.
Please clarify whether debit note should raised for 2%or 3%. (My confusion is invoice raised for 3% but debit note raised for 2%. Is this correct)
Regards,
Bharath CV
20 April 2009
No, this is not correct, you had made payment to the party @ 3%, this was your cost, CST on purchase cannot be claimed as set off. Now since the supplier has not delivered the goods, you have to raise the debit note of Amt considering CST rate as 3%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
