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Credit note

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partner
36 Points Posted on 11 July 2018

how to account the credit note received by supplier dated last financial year

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On 11 July 2018 at 12:25 Report
Replies (7)
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Accountant
386 Points Posted on 11 July 2018

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

1 Reply
On 11 July 2018 at 14:23
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"Do the Right Thing...!!!"
128147 Points Posted on 11 July 2018
Where from received the Credit Note and Why?
463 Reply
On 11 July 2018 at 16:40
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partner
36 Points Posted on 11 July 2018
From supplier and for completing the target.
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On 11 July 2018 at 22:30
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"Do the Right Thing...!!!"
128147 Points Posted on 11 July 2018
It's taxable C/N or not?

.

.
463 Reply
On 11 July 2018 at 22:33
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partner
36 Points Posted on 11 July 2018
Yes, and the supplier wants a GST invoice for the same at 18%tax
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On 11 July 2018 at 23:02
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"Do the Right Thing...!!!"
128147 Points Posted on 12 July 2018
Then You can account the Credit note as per GST rule it fulfilled.
463 Reply
On 12 July 2018 at 08:41
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partner
36 Points Posted on 12 July 2018

Thank you

 

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On 12 July 2018 at 10:24


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