dear sir,
I received credit note from registered company I am also register dealer if I received credit (indirect income)note from company then reverse charge is applicable or not.
No reverse charge is not applicable.........
7 Replies
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 18 August 2017
jugnu anchal
(136 Points)
Replied 18 August 2017
if company show credit not as a discount on their book then I show in my book is indirect income any reverse charge made in my account
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 18 August 2017
Reverse charge is not applicable in your case......
You can shown it as discount received under indirect income...........
NAGESWARAN
(ACCOUNTANT)
(834 Points)
Replied 18 August 2017
@ prabir paul
yesterday u r clarify rcm entry in tally. finally u advice to make jrl entry for rcm..pls tell me how to reduce the jrl entry i.e to inc the itc etc which is quoted by u.
can u pls provide the mail id r whatapp no. my id jtcgroup64 @ gmail.com
yesterday u r clarify rcm entry in tally. finally u advice to make jrl entry for rcm..pls tell me how to reduce the jrl entry i.e to inc the itc etc which is quoted by u.
can u pls provide the mail id r whatapp no. my id jtcgroup64 @ gmail.com
jugnu anchal
(136 Points)
Replied 29 August 2017
if I received credit note from registered delear without gst or I can say these credit note is indirect income for me then it's necessary to show in gstr1
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