credit note
how to issue credit note to a composition dealer
Replies (7)
As per your sales Invoice...
then how will be the input tax credit will be set off
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...
Thanks a lot sir
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?
No...
Why he ll pay Tax on it. It's his purchase return. They ll show it as Debit Note that's all... 😊😊😊
got it sir
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