Credit note


This query is : Resolved 

04 August 2018 ABC (SUB DEALER)

XYZ( MAIN DEALER)

XYZ is issuing credit to ABC for quantity discount. But this criteria and calculation is not mentioned in an agreement between the these parties. Credit note amount can trace billwise and credit note is seperately shown GST also. Because of the absence of rules mentioned in sec.15 of the CGST act, (i.e have agreement, but calculation criteria/parameter not mentioned its open ended)
My question is:
1. If ABC is reversing the input of this credit note, XYZ can claim this benefit( can less from their taxable supply amount)

Nilesh (Expert)
06 August 2018 It is difficult to substantiate the fact that discount was known at the time of supply, further you will be required to issue credit notes invoice wise


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
14 November 2026
Manager - Indirect Tax (GST)

Westbridge Consulting LLP

New Delhi

CA

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details