a composition deal want to generate debit note then how to calculate taxable value and calculate tax
can he take taxable value from original invoice or from other way.
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How to create credit note by a composition dealer
Replies (6)
No, .. the Credit Note will be issue by the supplier (in case Purchase return by Composit Dealer)
Composition dealer can issue credit note by taking the sales value without gst. As there is no gst for composition dealer on their outward supplies.
sir its my mistake debit note by receiver
and GSTR-4 also demand rate of tax and taxable value and tax
You can take taxable value from original invoice.
means i will issue bill of supply only of taxable value and saller issue credit note of taxable value plus tax amount
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