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Treatment of credit notes

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19 April 2010 PLEASE INFORM ME THE TREATMENT FOR ADJUSTMENT OF CREDIT NOTES IN DIFFERENT STATE OF INDIA AND ALSO INFORM ME THE CREDIT NOTE FOR DISCOUNT IF ANY SHALL BE ADJUSTED IN VAT PAYMENT OR NOT

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CHIRAG PAREKH
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 April 2010 Credit note has to be adjusted with the respective purchase and VAT incase it is related to Purchase return under CST it is with in the 6 months only(most of State VAT also the same) if any discount recd and paid the same has to be adjusted with the VAT
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