Sales return under IGST on exports
This query is : Resolved
25 January 2021
dear sir,
we are doing exports under payment of IGST. now our buyer in foreign country ask us to make a credit of $648.00 for shortage of goods.
1.shall i make credit note with IGST or without IGST?
2.if i make credit note,what are the points to keep in GST?
kindly clarify me sir
we are doing exports under payment of IGST. now our buyer in foreign country ask us to make a credit of $648.00 for shortage of goods.
1.shall i make credit note with IGST or without IGST?
2.if i make credit note,what are the points to keep in GST?
kindly clarify me sir
26 January 2021
1.You have to make credit note with IGST.
27 January 2021
In my view you should make credit note without GST.In section 34 , the GST can be included in credit note only when the buyer reverses the ITC to that extent.Since in this case it is not possible you can not include IGST in credit note.
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