Credit note

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partner
36 Points Joined August 2017

how to account the credit note received by supplier dated last financial year

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On 11 July 2018 at 12:25 Report
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Accountant
386 Points Joined June 2016

The credit note must be declared within the specified time-

  • By September of the this year
  • OR
  • Date of furnishing of the relevant annual return,

-whichever is earlier

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On 11 July 2018 at 14:23
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Where from received the Credit Note and Why?
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On 11 July 2018 at 16:40
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partner
36 Points Joined August 2017
From supplier and for completing the target.
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On 11 July 2018 at 22:30
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
It's taxable C/N or not?

.

.
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On 11 July 2018 at 22:33
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partner
36 Points Joined August 2017
Yes, and the supplier wants a GST invoice for the same at 18%tax
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On 11 July 2018 at 23:02
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128147 Points Joined January 2015
Then You can account the Credit note as per GST rule it fulfilled.
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On 12 July 2018 at 08:41
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partner
36 Points Joined August 2017

Thank you

 

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On 12 July 2018 at 10:24


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