how to account the credit note received by supplier dated last financial year
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Credit note
Replies (7)
The credit note must be declared within the specified time-
- By September of the this year
- OR
- Date of furnishing of the relevant annual return,
-whichever is earlier
Where from received the Credit Note and Why?
From supplier and for completing the target.
It's taxable C/N or not?
.
.
.
.
Yes, and the supplier wants a GST invoice for the same at 18%tax
Then You can account the Credit note as per GST rule it fulfilled.
Thank you
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