Regarding credit note in GST

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Accounts Manager
183 Points Posted on 31 December 2019

Dear all,

We have purchased material from our supplier & E way Bill is raised by party. But we have rejected material & sent the vehicle as it is & we have raised sale bill to supplier with E way Bill. 

But supplier also issued us Credit Note against their Bill.

What we have to do in this case

 

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On 31 December 2019 at 11:15 Report
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840 Points Posted on 31 December 2019
You have to inform supplier to consider your sales invoice as his purchase and ament the credit note as zero
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On 31 December 2019 at 15:36
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Accountant
84 Points Posted on 01 January 2020
Debit note is to be raised-purchase return
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On 01 January 2020 at 21:01
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840 Points Posted on 04 January 2020
If the supplier is not accepting to take the sale bill in to account, you have to do this
1. raise credit note against the sale bill which u already created (internally)
2. accept the supplier's credit note and enter as ur debit note in ur books
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On 04 January 2020 at 08:53

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