02 March 2021
Seller sold the goods to its customers. Now he wants to give discount to them. There was no written agreement in terms of discount. They mutually agreed that discount will be given in future on a price being decided by both of them.
The seller has issued credit note and reversed GST component of credit note.
The customer has accepted the credit note and reversed the input of GST.
Whether the department can question the issuance of GST credit note as there was no agreement of discount at the time of sale?
CAclubindia
