Rate in GST rate

Hi mayank,

correct answere is credit note should be raised for original invoice. and hence rate of gst should be rate on the original invoce rate (3%). so your seller credit note is wrong.

secondly in your case gst effect is nill because last date to raise the credit note is 30th sep for invoices raised for 2018 19. so even if credit note is issued gst cant be reversed.

Thank you
You can also write to me  at sthayin @ gmail for further assistance

Dhruva Thanks for the Quick reply!!

Can you help me than on what basis the vendor should issue a credit note and the treatment of gst as it cant be reversed.

 

Better issued that is in a Sales Bills...