Menu
credit note
is it mandatory to pay gst on credit notes
Replies (5)
yes ..
No. Credit note is a document raised by supplier to receiver to reduce sales value along with tax already charged on sales invoice. Now if vendor decides not to take benifit of reduction of tax paid on original sales, the department will not question on same. Hence no mandatory requirement to charge GST on credit note
why any one not want to take benifit of tax... if you raise invoice with tax it is law that if you sale return then you have to raise a credit note as on basis origional invoice number ... do not forget you have to give detail of credit note in gstr 1
gst not basis on what vendor want what recepient want .. we have to follow law and rules
gst not basis on what vendor want what recepient want .. we have to follow law and rules
if you raise credit note on like discount then not mendetory to charge gst ...
credit notes can be financial credit notes without GST and it can be with GST as well.
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
