I received a debit note from party for FY 23-24 Jan month, in May 2024. Which month should I pass credit note in our book, in 23-24 or 24-25,
Please guide as per accounting and gst point of view
Menu
Debit note received from party after FY
Replies (2)
Quick Summary
From GST point of view, you need to avail the credit in May 2024 provided all conditions are satisfied.
From accounting perspective, if its pertaining to period 2023-24, then it needs to be provided for in 2023-24.
@ Aj Style,
The Debit note will be account in FY 24-25 in both of the view.
The Debit note will be account in FY 24-25 in both of the view.
Recent Topics :
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
Related Topics :
CAclubindia
