Selling at a lower price than purchase price
This query is : Resolved
Kashinath Samant
(Querist)
10 July 2019
I receive stocks from a company which I sell to a retailer as per the companys instructed price which is lower than the purchase price.I get a credit note without gst from the company for the same.Now the issue is should I pay tax on the credit note received from the company or not?
CMA ALKESH PATEL
(Expert)
11 July 2019
AS PER MY OPINION YOU SHOULD REQUEST THE COMPANY ABOUT REVISE CREDIT NOTE AND ISSUE NEW ONE WITH GST
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