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
No need to issue debit note.
No need to issue debit note.
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.
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
