DEAR ALL
IF I AM RETURNING GOODS TO MY SUPPLIER AND RECEIVED CREDIT NOTE FOR THE SAME, WHAT IMPACT IT WILL HAVE ON MY GST LIABILITIES?
2 Replies
pritesh
(CA Final student)
(7101 Points)
Replied 06 December 2018
You have to reduce your EligibleITC to the extent of Credit note tax amount.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 06 December 2018
Your Inout tax will be reduce by the value of GST in Credit Note.
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