Regarding Credit Note
This query is : Resolved
18 September 2020
Dear all
1) Our supplier raised credit note for discount difference against his invoices but not reverse gst in its credit note. My question is whether we have to pay gst on suppliers credit note or not.
2) Our supplier raised credit note for direct sales to some other party on our behalf. He directly raise sale bill to that party. But he passed credit note of discount diff to us for which he not reversed gst . Whether we have to pay gst or not
1) Our supplier raised credit note for discount difference against his invoices but not reverse gst in its credit note. My question is whether we have to pay gst on suppliers credit note or not.
2) Our supplier raised credit note for direct sales to some other party on our behalf. He directly raise sale bill to that party. But he passed credit note of discount diff to us for which he not reversed gst . Whether we have to pay gst or not
Lekhraj sood
(Expert)
18 September 2020
1. No, you do not have to reverse the ITC if the supplier has not shown GST in his credit note.
2. Same reply as in 1 above. But the transaction appears to be wrongly done.
2. Same reply as in 1 above. But the transaction appears to be wrongly done.
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