treatment of credit note
in 3B and gstr 1 .
may month sale credit note
made in june month
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Credit note
Replies (4)
Quick Summary
For which assessment year
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
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
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
now inext minth treatment of this 40 percentage
in 3 b
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.
The Applicability of IGST, CGST/SGST is as per POS of Supplier & Receptient.
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