Credit not for t o d

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1 Points Posted on 24 November 2023
turn over discount credit note received by supplier without gst its valid
it's reversal itc
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On 24 November 2023 at 23:24 Report
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Quick Summary
This discussion clarifies the validity of credit notes issued by suppliers without GST, often referred to as commercial credit notes. While these notes are valid for accounting purposes, they do not have any impact on your Goods and Services Tax (GST) liability or Input Tax Credit (ITC).

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Accountant
32 Points Posted on 25 November 2023
It is called commercial credit note. it is valid but no impact in GST.
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On 25 November 2023 at 11:49
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"Do the Right Thing...!!!"
128162 Points Posted on 25 November 2023
Yes I agreed the reply....

@ Dipak Shah,

GST not applicable for that credit note.
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On 25 November 2023 at 18:34

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