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credit note

Satendar Kashyap (126 Points)

20 February 2018

is it mandatory to pay gst on credit notes

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5 Replies

Mondira Saha (GST) (3925 Points)
Replied 20 February 2018

yes ..

sujith kumar dasa (banglore) (1496 Points)
Replied 20 February 2018

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

Mondira Saha (GST) (3925 Points)
Replied 20 February 2018

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