11 August 2022
Need advise for raising Credit Note as mention below is right & for HSN We supply goods to parties after charging GST & that party pay against that invoice & if they pay within 30days we offer 10% discount so do we have to raise credit note to adjust the difference between GST sales Invoice & payment received & what is the HSN for Discount Taxable Value: 100 GST : 18 Invoice Value: 118 Payment Received after deducting 10% discount on 118 i.e. 118 Less 12 = 106 so do we need to raise Credit Note as below Taxable Value: 11 GST : 1 Credit Note Val: 12
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