I wanted to know the procedure and documentation for credit note to an export (Customer) on quality issue. if the amount is substantial. the material will be not return b
ack to india, it will scraped at customer end.
to which ledger we should give effect in credit note? Sales or discount?
Menu
Account head for credit note
Replies (2)
You cannot just issue a credit note in this regard. You have to take permission from rbi or your bank since you are the amount is substantial
Thank you for your reply.
okay sir but how to pass the entry.?sales or discount.
okay sir but how to pass the entry.?sales or discount.
Recent Threads
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
Related Threads
CAclubindia
