In tyres and tubes (Automobile) industry, dealers sell material at less price than purchase price and they get compensation from suppliers in form of credit note and discount note etc by different names . Sometimes these notes are charged with gst and sometimes without gst. What is the logic works behind it and how to be treated in gst.
Credit note in gst
Replies (3)
Plz refer Circular 92/17/2019 , Dt.7/3/2019
Sir can pay 7,00,000 cash payment for land purchase in a one year from one pery
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