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Credit Note without tax

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

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8 Replies

Suvendu (Accounts) (429 Points)
Replied 11 September 2018

I THINK YOU CAN TAKE

1 Like

santhu amma (79 Points)
Replied 11 September 2018

pPlease suggest me exactly

1 Like

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 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.

1 Like

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 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 .

2 Like

RAJA P M ("Do the Right Thing...!!!") (127455 Points)
Replied 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...

1 Like

shiv shankar rawat student CMA (Manager) (263 Points)
Replied 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)
Replied 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.

2 Like

RAJA P M ("Do the Right Thing...!!!") (127455 Points)
Replied 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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