Hi Experts,
We have exported goods against payment of IGST. Due to some defects in goods, the buyer repaired the goods and issued us debit note in US currency.
How do we report this debit note in GST monthly return ?
Thanks !
Hi Experts,
We have exported goods against payment of IGST. Due to some defects in goods, the buyer repaired the goods and issued us debit note in US currency.
How do we report this debit note in GST monthly return ?
Thanks !
I want to add more to this query, if the export was made against payment of IGST and got the refund of the paid IGST. So if we issue credit note against the buyer's debit note, shall we required to reduce the ITC against the credited amount or pay it back to government ?
in the given case, the itc will be reversed
# my point of view
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
