Invoice value at the time of import from China was $5 per unit mentioned in invoice Goods were cleared from the customs on the basis of this invoice and custom duty/gst was paid. Later on the import invoice was revised and supplier provides discount of $2 per unit.
Query 1: Whether we can issue debit note to the China party? Query 2: Whether the debit note will pass through any custom duty? Query 3: Whether GST have to be charged on this debit note?
27 May 2020
Ask for a credit note from the party. It need not pass through customs. As the main invoice must not be showing GST, so in the note also no need to show GST.
27 May 2020
Since the party is China, there is no such GST. The party will give me a letter that the amount have been reduced. The supplier cannot issue credit note so i can issue debit note and give effect in GST by charging GST on debit note. Will this be fine?
CAclubindia
