Debit note

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2017 Mr. X purchase material 25 Kgs at Rs.1000.00 per Kgs but bill receive at Rs.1100.00 Per Kgs under GST. There is rate difference of Rs.100.00 Per Kgs i.e. 25 Kgs X 100 = Rs.2500.00.
Mr. X issue debit note to supplier.
My question is Mr. X charge IGST @ 18 % on debit note value i.e. 2500 X 18 % = Rs.2950.00
Please reply on urgent.

CA Altamush Zafar

CA Altamush Zafar (Expert)
Follow

03 August 2017 Debit or credit note issued by receiver of goods does not have validity under GST law. They can be issued due to business and accounting practices. Where debit or credit notes by supplier is issued only then it will have GST implications.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anant Kuber

FCA. LAL BAHADUR SHASTRY GUBBA

Vishal Dave

NISHANT SIPANI

sriram deven

Subscribe Now

Debit note

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Manager- Finance and Compliance

CA Final

Senior Executive

Accountant