We have recived credit note from transporter with gst 18%.
Now what we have to do it for ledger purpose and gst point of view please help
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Credit note
Replies (9)
Quick Summary
Credit the input ledgers to reduce the input amount
Do I have to issue a debit note for this ?
No need to issue debit note.
No need to issue debit note.
So how we will show effect in ledger of rate difference amount?
If your question is about how to account the credit note. Then Either through JV or Debit Note, the credit note can be accounted in Books.
Dr. Vendor
Cr. Input SGST
Cr. Input CGST
Cr. Purchase/Expense Ledger
However this debit note is to be shown in GST Portal.
I think, the query is
while raising invoice, transporter charged 5%
But in Cr Note, gst rate is applied @ 18%.
Is this your query, actually?
while raising invoice, transporter charged 5%
But in Cr Note, gst rate is applied @ 18%.
Is this your query, actually?
Query is regarding we issue debit not for taken effect of rate diffrence in party ledger
We also same issue about debit note,
as we had received credit note with gst from company for return goods, then we have to issues debit note for same and how it will be show in gst portal
as we had received credit note with gst from company for return goods, then we have to issues debit note for same and how it will be show in gst portal
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