Itc

This query is : Open

bikash rai (Querist)
Follow

10 October 2017 Dear Sir,
I have received Credit Note from Company. Can I take ITC on Credit Note because GST Rate are mentioned separately in Credit Note.

Please reply as early as possible
Thanking you in advance

Regards
Bikash Rai

RAJA P M

RAJA P M (Expert)
Follow

10 October 2017 Sir.,
You received credit Note or Debit Note...?

bikash rai

bikash rai (Querist)
Follow

10 October 2017 Sir
Credit Note from Company.

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M

RAJA P M (Expert)
Follow

10 October 2017 If you mean From Supplier.....?

If yes...You can't claim... It's you liability...

RAJA P M

RAJA P M (Expert)
Follow

10 October 2017 If you mean From Supplier.....?

If yes...You can't claim... It's you liability...

bikash rai

bikash rai (Querist)
Follow

10 October 2017 Actually Sir,
A
I have received goods from Company but Company issue Credit Note instead of Purchase Invoice.

RAJA P M

RAJA P M (Expert)
Follow

10 October 2017 Don't be say company... Right...!!!
Please be note Supplier / Customer. Company means, All taxpayers call in the word of Company. It's common name...

It's sales return.....
Then yes you can claim ITC. Also you ll be show it in GSTR 1 separately...