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TAX INVOICES

SUMIT BADYAL (709 Points)

08 September 2021

hi, can we issue a credit note against the tax invoice given by the buyer?

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6 Replies

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 08 September 2021

Tax Invoice by buyer?????

SUMIT BADYAL (709 Points)
Replied 08 September 2021

Tax invoice means, goods damage during transportation or he used some piece of goods as a sample.... so he generated tax invoice... I'm confused that I will issue a credit note or book as an expense.

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 08 September 2021

I cannot understand the original transaction.

In any case you can generate a credit note but if you are a supplier then only you will include it in gstr1 otherwise it will remain an accounting credit note which will reverse your itc in 3b

SUMIT BADYAL (709 Points)
Replied 08 September 2021

The transaction is........ buyer received some damaged goods, so he generated tax invoice with gst and send us... what should I do now to show a credit note or take an input tax credit in our accounts?