credit note
RAVINDER KUMAR (B.Com) (115 Points)
02 December 2017
how to issue credit note to a composition dealer
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 02 December 2017
As per your sales Invoice...
RAVINDER KUMAR
(B.Com)
(115 Points)
Replied 04 December 2017
then how will be the input tax credit will be set off
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 04 December 2017
How to sell the goods to Composition dealer...?
You sell it taxable invoice.
So, you ll be credit the same as taxable credit.
They ll give bill of supply format for the total value. You ll receive against your sale bill value...
RAVINDER KUMAR
(B.Com)
(115 Points)
Replied 05 December 2017
one thing more sir will the goods return by composition dealer will be considered as sale for him and 1% tax will be payable on that also?
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 05 December 2017
No...
Why he ll pay Tax on it. It's his purchase return. They ll show it as Debit Note that's all... 😊😊😊
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