Effect on tax for debit or credit note
This query is : Resolved
Bhupendra Dubey
(Querist)
01 April 2014
What will be the effect upon taxes like VAT, CST or Excise Duty if we issue a debit note or receive credit note with tax.
Should we take it as in purchase, we deduct vat on purchase from vat on sale?
Please reply
BK Dubey
Should we take it as in purchase, we deduct vat on purchase from vat on sale?
Please reply
BK Dubey
Rupesh Jain
(Expert)
03 April 2014
debit /credit note are not allowed in excise
and under CST and VAT if tax show separately then you can take claim with 180 days from the date of debit /credit note.
and under CST and VAT if tax show separately then you can take claim with 180 days from the date of debit /credit note.
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