We have recived credit note from transporter with gst 18%.
Now what we have to do it for ledger purpose and gst point of view please help
9 Replies
sujith kumar dasa
(banglore)
(1496 Points)
Replied 10 February 2020
Credit the input ledgers to reduce the input amount
Amit Prakash Singh
(118 Points)
Replied 10 February 2020
So how we will show effect in ledger of rate difference amount?
sujith kumar dasa
(banglore)
(1496 Points)
Replied 10 February 2020
If your question is about how to account the credit note. Then Either through JV or Debit Note, the credit note can be accounted in Books.
Dr. Vendor
Cr. Input SGST
Cr. Input CGST
Cr. Purchase/Expense Ledger
However this debit note is to be shown in GST Portal.
S M Gala
(Head: F & A)
(100 Points)
Replied 10 February 2020
I think, the query is
while raising invoice, transporter charged 5%
But in Cr Note, gst rate is applied @ 18%.
Is this your query, actually?
while raising invoice, transporter charged 5%
But in Cr Note, gst rate is applied @ 18%.
Is this your query, actually?
Amit Prakash Singh
(118 Points)
Replied 10 February 2020
Query is regarding we issue debit not for taken effect of rate diffrence in party ledger
HITESH LODHA
(ARTICAL)
(24 Points)
Replied 10 February 2020
We also same issue about debit note,
as we had received credit note with gst from company for return goods, then we have to issues debit note for same and how it will be show in gst portal
as we had received credit note with gst from company for return goods, then we have to issues debit note for same and how it will be show in gst portal
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