Credit note

kumar hattanna (Officer - Excise) (525 Points)

28 July 2017  
  1. Question about in case of Credit Note

Where supplier rise bill for Rs.100 to customer and customer came to know that received only Rs.95 worth of material. (Short Receipt of Material)

  • - 1
  1. How customer needs account in his books of account. Weather for Rs.100 or Rs.95 Later on supplier will issue credit for Rs.5 with GST Applicable.

 

  • – 2
  1. Supplier charged more than actual price – Let us say, instead of 100, he bills to customer for Rs. 120. Later on supplier will credit for Rs.20 with GST applicable.
  2. in this case how customer needs to account in his books of accounts whether full value of Rs.120 or Rs.100.