Credit note equals 90% of Tax Invoice

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a
8 Points Posted on 22 March 2021
Can we raise credit note amounting 90% of Tax Invoice ?
as per my knowledge no where in act restricts to issue credit note.
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On 22 March 2021 at 12:05 Report
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Quick Summary
This discussion addresses whether it's permissible to issue a credit note that amounts to 90% of the original tax invoice value. The consensus reached is that yes, this is generally allowed. There appear to be no specific legal restrictions preventing the issuance of a credit note for such a percentage of a tax invoice.

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Consultant
135 Points Posted on 22 March 2021

Hi Chirag,

 

You can raise credit note.

1 Reply
On 22 March 2021 at 12:08
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Chartered Accountant
24588 Points Posted on 22 March 2021
Yes you can raise credit note
1 Reply
On 22 March 2021 at 12:46
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CA
1258 Points Posted on 02 April 2021

Yes you can.There is no restriction on the amount

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On 02 April 2021 at 14:03

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