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Credit Note

ITC / Input 245 views 6 replies

MITUL

Account

57 Points Joined October 2018

Machine parts Sales my CUSTOMER (OUT OF GUJARAT) but order is cencal. Bill Amt. Rs. 45,000 + IGST 18% 8100=00. Bill date Oct month and return filed of October month... How to make sales return credit Note in November month?

Sales 53,100=00

Sales 45,000=00
IGST INPUT 8100=00

THIS ENTRY IS OK OR NOT OK.

SALES RETURN
IGST INPUT ENTRY OR OUTPUT ENTRY?????

IGST INPUT IS OK?????

Replies (6)

pritesh

CA Final student

7106 Points Joined April 2018

correct its ok according to me

MITUL

Account

57 Points Joined October 2018

Please reply fast

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Are You use any Accounting software or manually...???

MITUL

Account

57 Points Joined October 2018

Yes. T. FAT account software

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Check Out the Sales Return Voucher mode. and post the entries as per Your view.

Then it's posted/less in sales ledger and also in parties ledger balance...

In Your next GSTR 3B return less the Credit note values in Your sales values...

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

Generate Credit Note against Bill raise from Accounting Software or mannual credit note can be raise

The Accounting Entries will be pass :

Sale A/c. Dr 45000
GST Output A/C Dr 8100
To Party. A/c. Cr 53100

Note : Instead of IGST Input should IGST Output