Automated Data Entry into Tally, Zoho Books, Quickbooks Certificate in Quantitative Finance

Treatment of Credit Note

This query is : Resolved 

01 June 2023 What should be the ideal treatment of Credit Note? Whether it should be deducted from liability or should enhance the ITC?

03 June 2023 It should be deducted from liability.
ITC reversal required.

08 June 2023 Thank you very much for your kind gesture of sharing valuable time





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