Credit note

This query is : Open

jay (Querist)
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30 April 2018 Sir

WE ARE REGISTERED DEALER UNDER GST ACT.WE FILED OUR MONTHLY RETURN 3B AND GSTR1 TILL MARCH REGUARLY..WE RECEIVED TURNOVER DISCOUNT CREDIT NOTE AGAINST PURCHASE GOODS FROM REGISTERED DEALER ANNUAL BASIS.WE RECEIVED CREDIT NOTE FROM DEALER HAVING DT:31/03/2018 BUT IN CREDIT NOTE THERE IS NO ANY SERIAL NUMBER AND DATE OF THE CORRESPONDING TAX INVOICE AND ALSO THERE IS NO ANY AMOUNT OF SGST AND CGST TAX MENTIONED SEPRATELY IN CREDIT NOTE. THERE IS ONLY AMOUNT MENTIONED IN CREDIT NOTE.WE TALK TO FOUR TO FIVE DEALER ABOUT THIS MATTER THAT AS PER OUR KNOWLEDGE THERE IS CORRESPONDING INVOICE NUMBER,AMOUNT OF SGST,CGST,VALUE OF TAXABLE GOODS IS COMPULSORY IN CREDIT NOTE.BUT THEY ALL REPLIED THAT THEY CONSULTANT HIS LEGAL ADVICOR THEIR LEGAL ADVISOR AND AS PER LEGAL ADVISOR OPINION THEIR IS NO NEED TO MENTIONED CORRESPONDING INVOICE NUMBER,VALUE OF GOODS, SGST CSGT TAX IN CREDIT NOTE..
SO WE WANT TO KNOW THAT AS PER GST ACT IT IS CORRECT TO ISSUE CREDIT NOTE WITHOUT ANY CORRESPONDING INVOICE NUMBER, VALUE OF GOODS, SGST,CGST TAX MENTIONED SEPARETALY.
AWAITING VALUEABLE OPINION AND SUGGESION...
THANKS...

Anmol Davesar

Anmol Davesar (Expert)
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30 April 2018 There is no prescribed format butcredit note issued by a supplier must
contain the following particulars, namely:
(a) name, address and Goods and Services Tax Identification Number
of the supplier;
(b) nature of the document;
(c) a consecutive serial number not exceeding sixteen characters, in
one or multiple series, containing alphabets or numerals or special
characters hyphen or dash and slash symbolised as “-” and “/”
respectively, and any combination thereof, unique for a financial
year;
(d) date of issue;
(e) name, address and Goods and Services Tax Identification Number
or Unique Identity Number, if registered, of the recipient;
(f) name and address of the recipient and the address of delivery,
along with the name of State and its code, if such recipient is
un-registered;
(g) serial number and date of the corresponding tax invoice or, as the
case may be, bill of supply;
(h) value of taxable supply of goods or services, rate of tax and the
amount of the tax credited to the recipient; and
(i) signature or digital signature of the supplier or his authorised
representative