Debit note
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2017
Mr. X purchase material 25 Kgs at Rs.1000.00 per Kgs but bill receive at Rs.1100.00 Per Kgs under GST. There is rate difference of Rs.100.00 Per Kgs i.e. 25 Kgs X 100 = Rs.2500.00.
Mr. X issue debit note to supplier.
My question is Mr. X charge IGST @ 18 % on debit note value i.e. 2500 X 18 % = Rs.2950.00
Please reply on urgent.
Mr. X issue debit note to supplier.
My question is Mr. X charge IGST @ 18 % on debit note value i.e. 2500 X 18 % = Rs.2950.00
Please reply on urgent.
03 August 2017
Debit or credit note issued by receiver of goods does not have validity under GST law. They can be issued due to business and accounting practices. Where debit or credit notes by supplier is issued only then it will have GST implications.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
