Treatment of credit notes
This query is : Resolved
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
REGARDS
CHIRAG PAREKH
REGARDS
CHIRAG PAREKH
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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