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about credit note

ITC / Input 205 views 7 replies
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136 Points Posted on 18 August 2017
dear sir,
I received credit note from registered company I am also register dealer if I received credit (indirect income)note from company then reverse charge is applicable or not.
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On 18 August 2017 at 10:25 Report
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*****Accountant***** Never insult to a
1448 Points Posted on 18 August 2017

No reverse charge is not applicable.........

2 Reply
On 18 August 2017 at 10:50
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136 Points Posted on 18 August 2017
if company show credit not as a discount on their book then I show in my book is indirect income any reverse charge made in my account
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On 18 August 2017 at 13:28
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*****Accountant***** Never insult to a
1448 Points Posted on 18 August 2017

Reverse charge is not applicable in your case......

You can shown it as discount received under indirect income...........

2 Reply
On 18 August 2017 at 13:33
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ACCOUNTANT
834 Points Posted on 18 August 2017
@ prabir paul

yesterday u r clarify rcm entry in tally. finally u advice to make jrl entry for rcm..pls tell me how to reduce the jrl entry i.e to inc the itc etc which is quoted by u.
can u pls provide the mail id r whatapp no. my id jtcgroup64 @ gmail.com
3 Reply
On 18 August 2017 at 23:30
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136 Points Posted on 29 August 2017
credit note recived from
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On 29 August 2017 at 08:14
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136 Points Posted on 29 August 2017
if I received credit note from registered delear without gst or I can say these credit note is indirect income for me then it's necessary to show in gstr1
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On 29 August 2017 at 08:16
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136 Points Posted on 29 August 2017
credit note recived from
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On 29 August 2017 at 08:16


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