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Credit Note without tax

ITC / Input 296 views 8 replies

santhu amma

79 Points Posted on 11 September 2018

Dear expert

Please suggest me I have recived the material for the Invoice Rs 120000/- including tax .

but some material is damaged so they have given discount 10%

but credit not is raised for 10% without tax, so we can accept the credit note without tax

please suggest

Replies (8)

Suvendu

Accounts

429 Points Posted on 11 September 2018

I THINK YOU CAN TAKE

santhu amma

79 Points Posted on 11 September 2018

pPlease suggest me exactly

Rohit Tibrewal

Student

3193 Points Posted on 11 September 2018

No you need to reverse the Input, please insist your supplier to provide credit note with GST, as it is under deficiency with quality of goods. You have to reverse GST against deficiency amount as you are receiver of the goods.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 11 September 2018

Yes ,... As per section 15 CGST: such discount which is link with invoice issued , should be include GST.

So better to ask supplier for GST less CNT .

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 11 September 2018

@ Santhu amma.,

If Supplier give "DISCOUNT" then You can use the discount without GST...

In case material return and give given credit note by supplier then GST chargeable as must...

shiv shankar rawat student CMA

Manager

263 Points Posted on 12 September 2018

Hi, @ Santhu amma.,
I Just clear all accounting , First you have clear these things from supplier

Check with supplier , they have record said invoice in GSTR -I
Tax has been deposit by supplier
Payment has been made angst the said invoice if any, advance

Please confirm , will give you positve response

Suvendu

Accounts

429 Points Posted on 12 September 2018

Supplier giving you discount for damage materials which will not to be return to supplier. and you also not issuing sales return invoice , So you can get that CN as total discount amount.

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 12 September 2018

(Supplier giving you discount for damage materials which will not to be return to supplier. and you also not issuing sales return invoice , So you can get that CN as total discount amount.)

Yes... You are exactly correct Mr Suvendu...
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