Credit note

Nandhini. G (partner) (36 Points)

11 July 2018

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

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Rammi_RP Rawat (Accountant ) (386 Points)
Replied 11 July 2018

The credit note must be declared within the specified time-

-whichever is earlier

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 11 July 2018

Where from received the Credit Note and Why?

Nandhini. G (partner) (36 Points)
Replied 11 July 2018

From supplier and for completing the target.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 11 July 2018

It's taxable C/N or not?

.

.

Nandhini. G (partner) (36 Points)
Replied 11 July 2018

Yes, and the supplier wants a GST invoice for the same at 18%tax

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 July 2018

Then You can account the Credit note as per GST rule it fulfilled.

Nandhini. G (partner) (36 Points)
Replied 12 July 2018

Thank you

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