Easy Office
LCI Learning

CREDIT NOTE FOR REBATE

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 March 2020 Can we issue a credit note without charging the GST to our customer on account of Rebate on performance Basis.
Profile Image

Gokul Sharma

Profile Image

Gokul Sharma (Expert)
05 March 2020 yes its called cash discount.
Profile Image

ANIL MATHUR

Profile Image

ANIL MATHUR (Querist)
05 March 2020 Thanks Gokul Ji for prompt reply, we are issuing the post sale credit note without GST on the basis on performance of Customer, is it correct or not ?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

ANIL MATHUR

Profile Image

ANIL MATHUR (Querist)
05 March 2020 Thanks Gokul Ji for prompt reply, we are issuing the post sale credit note without GST on the basis on performance of Customer, is it correct or not ?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 March 2020 Yes it's correct it will be called as financial credit note on which GST not applicable.
Profile Image

ANIL MATHUR

Profile Image

ANIL MATHUR (Querist)
05 March 2020 Sir, Can provide the detail under which section of GST the Financial Credit Note is not taxable.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links