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Credit note

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176 Points Posted on 14 June 2020
treatment of credit note
in 3B and gstr 1 .
may month sale credit note
made in june month
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On 14 June 2020 at 14:15 Report
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4215 Points Posted on 14 June 2020
For which assessment year
12 Reply
On 14 June 2020 at 15:34
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Designation
771 Points Posted on 14 June 2020
If sale was intra state - cgst and sgst liability will be reduced in the month of June due to issuance of credit pertaining to intra state supt

if sale is inter state - igst liability will be reduced in the month of June due to issuance of credit note pertaining to inter state supply
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On 14 June 2020 at 15:55
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176 Points Posted on 14 June 2020
Tarder sale goods in intra state ,with a less price of bill.up to 40 percentage .company claim credit note for this 40 peecentage for given credit note to trader in next month .
now inext minth treatment of this 40 percentage
in 3 b
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On 14 June 2020 at 16:04
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GST Practitioner
55067 Points Posted on 14 June 2020
Reduce ITC when Credit is received from Supplier & if credit Note is issued to Receptient , then reduce Output Tax Liability.

The Applicability of IGST, CGST/SGST is as per POS of Supplier & Receptient.
301 Reply
On 14 June 2020 at 16:23


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