Menu
Sale return
hi, we received sale return, what buyer gave us a tax invoice and mention on it other service and charged 18% IGST. But in the sale invoice, we had charged 12% IGST.
Replies (1)
Credit note is to be raised by the supplier against sales return u/s 34 of CGST Act. Where within time limits mentioned, GST could be reduced, with condition that recipient must reduce his ITC.
Above process followed by customer is incorrect. Suggest to reject his invoice, and raise CN with 12% GST against sales return
Recent Topic
- 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
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
Related Topics
CAclubindia
