Debit note treatment under gst
This query is : Resolved
rajni sharma
(Querist)
02 October 2018
Dear Sir,
My debtor issue me a rate difference debit note, can i take benefit of ITC against rate difference debit note?If no , then why i can't take benefit?
Please help me...
Thanks & Regards,
Rajni
My debtor issue me a rate difference debit note, can i take benefit of ITC against rate difference debit note?If no , then why i can't take benefit?
Please help me...
Thanks & Regards,
Rajni
pratika chawla
(Expert)
03 October 2018
Yes, you can take the benefit of GST on the debit note.
rajni sharma
(Querist)
03 October 2018
Thanks for replying me .
Somewhere i heard rate difference debit note can not be considered and can not take benefit of the same. Gst will be part of sale..
Mam, please suggest me from where i can read about Debit note under GST.
Thanks & Regards,
Rajni
Somewhere i heard rate difference debit note can not be considered and can not take benefit of the same. Gst will be part of sale..
Mam, please suggest me from where i can read about Debit note under GST.
Thanks & Regards,
Rajni
CA Ayush Agarwal
(Expert)
03 October 2018
You can reverse GST if:-
This Rate Difference should be mention in your sale agreement before sale or it was already fixed before sale taken place.
This Rate Difference should be mention in your sale agreement before sale or it was already fixed before sale taken place.
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