Treatment of tour package

Are you reg under GST

Section.34 of CGST Act not applicable in this case, hence GST credit note cannot be issued.

However, financial credit note can be issued without taxes.

In term of Section 15(3) :
The GST less Credit Note shall be issued only if when there is agreement entered into before the time of supply & can be linked to relevant Invoices.

So if there was agreement & can tag to relevant invoices, the GST less credit note shall be issued as per section 34 of CGST Act .
Else, simple financial credit note need to be issued.

If you are registered under GST

1. If GST credit note is received - Input Tax Credit to be reversed

2. If credit note received without GST - No adjustment required to be made in GST being just a financial credit note. The amount payable to them gets reduced to the extent of basic value.  

If you are not registered under GST

No adjustment required under GST. Amount payable to them gets reduced to the extent of invoice value (incl. GST if given with GST)

 

Thank you senior's for your valuable reply