I am mobile dealer,one of my suppliers issue me credit note. under this my suppliers mention sales discount and charged separately me 12 percent gst. What is its meaning.
What treatment is this
1 Replies
M.M Sachora
(Tax Professional & Advisor)
(1421 Points)
Replied 26 February 2019
Credit Note meaning you return some goods to your supplier then he will credit the amount to the extend you return goods and supplier issue credit note instead of return your money and if you register under gst then you can adjust the same in purchase
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