Commercial credit notes
This query is : Resolved
31 May 2019
My Client Received commercial credit notes under different heads such as Rate Difference, Schemes and Turnover Discount
The supplier has issued commercial credit notes without giving any effect of GST.
so my Question is whether the dealer is liable to pay GST on it
If yes then how will they have to issue Invoice against the supplier or they have to reduce the ITC.?
The supplier has issued commercial credit notes without giving any effect of GST.
so my Question is whether the dealer is liable to pay GST on it
If yes then how will they have to issue Invoice against the supplier or they have to reduce the ITC.?
01 June 2019
No, dealer is not required to pay GST.
14 June 2019
ok.
Can u please explain the reason or any supporting section or notification.
Can u please explain the reason or any supporting section or notification.
14 June 2019
No GST effect can be given on Discount offered post sales not envisaged earlier. Such credit are called commercial credit.
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