we ABC PVT LTD have sold goods to BHEL company, but while payment BHEL have paid the amount after deducting late delivery charges.
Now BHEL is not ready to give Invoice OR Debit Note of LD charges to us (ABC PVT LTD).
Can ABC PVT LTD reduce their tax liability Issuing credit note to BHL?
Menu
LD charges invoice
Replies (1)
No. The late delivery charges not applicable in the supplies value.
It's both if party's business agreements. So, it will be account under PandL account.
It's both if party's business agreements. So, it will be account under PandL account.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
