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Jyoti Kanojia   05 August 2021

Credit note regarding.

when party have generated three debit note against one invoice then we can booked single credit note against all three debit note.


 5 Replies

prasad Nilugal

prasad Nilugal   05 August 2021

As per GST law presently , Supplier can only issue Credit Note and Debite Note and file in GSTR1 .
Heet Shah

Heet Shah (Tax Consultant)     05 August 2021

Yes for accounting purpose you can raise a single CN with refrence to all 3 DN  

Heet Shah

Heet Shah (Tax Consultant)     05 August 2021

Yes for accounting purpose you can raise a single CN with refrence to all 3 DN  

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     05 August 2021

Yes, single credit note can be generated against 3 debit notes.
prasad Nilugal

prasad Nilugal   06 August 2021

Can issue financial credit and debit notes for accounting purposes , however as per section 34 of the CGST act , supplier only can issue debit and credit note for the reasons mention in the section 34 of the CGST act .

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