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credit note

ITC / Input 129 views 7 replies
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B.Com
115 Points Posted on 02 December 2017
how to issue credit note to a composition dealer
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On 02 December 2017 at 08:03 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 02 December 2017
As per your sales Invoice...
463 Reply
On 02 December 2017 at 08:21
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B.Com
115 Points Posted on 04 December 2017
then how will be the input tax credit will be set off
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On 04 December 2017 at 22:29
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"Do the Right Thing...!!!"
128147 Points Posted on 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...
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On 04 December 2017 at 23:31
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B.Com
115 Points Posted on 05 December 2017
Thanks a lot sir
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On 05 December 2017 at 08:49
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B.Com
115 Points Posted on 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?
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On 05 December 2017 at 08:56
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"Do the Right Thing...!!!"
128147 Points Posted on 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... 😊😊😊
463 Reply
On 05 December 2017 at 09:19
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B.Com
115 Points Posted on 05 December 2017
got it sir
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On 05 December 2017 at 13:53


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