Menu
turnover discount
if any one giving turnover discount (target sales) should be issue credit note with gst or without gst
Replies (4)
As per Circular 92/11/2019, Dt. 7/3/2019 can be issued without GST
can u send me the link of that
with GST
Issuance of credit note with GST is not mandatory..
If supplier wishes to adjust GST liability to the extent of discount - should issue credit note with GST and recipient need to reverse credit.
If supplier do not want to adjust GST liability - credit note can be issued without GST (financial credit note as per said circular)
Link - https://www.cbic.gov.in/resources//htdocs-cbec/gst/circular-cgst-2.pdf;jsessionid=FCA5136F6050D742FC377CDAD5D7EFF7
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
