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?
Menu
Purchase return in gst
Replies (2)
You have to reduce your EligibleITC to the extent of Credit note tax amount.
Your Inout tax will be reduce by the value of GST in Credit Note.
Recent Threads
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
Related Threads
CAclubindia
