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credit note

ITC / Input 167 views 2 replies
Sir I have sold materials in Vat regime transaction between state now party returned materials so cgst and sgst both will be applicable now or only sgst please reply
Replies (2)

Dear Sir,

Party will raise credit note with CGST as well as SGST.

Regards

 

Dear Ash*t Adhikari.,

Your query is not fully cleared...

1. If the material sell to Inter state supply. Then the Customer ll be given the Debit note as IGST...

2. If the material sell to Intra state Supply. Then the Customer ll be given the Debit note as CGST & SGST

 

Also in this case Debit Note is not like that the dealing  Change of the Tax regime.

So, the customer ll be given Tax Invoice (As Sales Invoice) is better way for the Tax purpose...

 

Thanks & Regards

RAJA P M 


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