Can a credit note be taken anytime within
one as of today
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 08 May 2019
Your query is not cleared...
B.Kranthi Kumar
(Audit Assistant)
(49 Points)
Replied 08 May 2019
Sir, I received debit note from supplier for purchase returns. is applicable output tax from my side
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 08 May 2019
@ B Kranthi Kumar.,
No... It's not Your Outward supply.
But, You will less the Tax value in Your ITC value in the subsequent month...
No... It's not Your Outward supply.
But, You will less the Tax value in Your ITC value in the subsequent month...
shailendra shukla
(Bhopal)
(1741 Points)
Replied 08 May 2019
supplier will issue credit note to you for purchase return from your side........ are you sure it's bcoz of purchase return....?...
pritesh
(CA Final student)
(7101 Points)
Replied 08 May 2019
@ Abhijit katti
it will bw your debit note if supplier is giving you a credit note..
it will bw your debit note if supplier is giving you a credit note..
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 09 May 2019
ITC taken earlier on such invoice needs to be reversed..
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