banner_ad

Credit Note..

Final 212 views 2 replies
M receiving credit note from supplier whn turnover is exceeding specified limit..
now my supplier is not paying tax on it..
whether ths is valid as per GST law..?
Replies (2)
Ms. Parita.,
Your Query is not cleared...

But, As per assumption...

If you said the buyer get credit note from the supplier and You ll add the credit note value as Outward Supplies... Am I right?


If Yes, Credit Note is not considered in Turn Over value. It's just a Goods / Purchase Return. So, It's going to less on the Purchase Value...
That's all.
Agreed with Raja Sir


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details