banner_ad

Credit note issue

ITC / Input 424 views 5 replies
User Avatar

802 Points Posted on 29 November 2019
If I sale Goods 1 lac and freight charges 5000 so it will be taxable amount 105000.... After same goods returns and freight charges is 3000 it consider under GST or Not? will be excluded freights charges while returns of Goods?
3 Reply Share Follow
On 29 November 2019 at 15:15 Report
Replies (5)
User Avatar

Deputy Manager
783 Points Posted on 29 November 2019

Input credit should not exceed the amount , mentioned at the invoice.

1 Reply
On 29 November 2019 at 15:27
User Avatar

802 Points Posted on 29 November 2019
We should considered freight Charges while issuing Credit Note?
3 Reply
On 29 November 2019 at 15:30
User Avatar

Deputy Manager
783 Points Posted on 29 November 2019

Credit note value should not exceed the invoice value.

1 Reply
On 29 November 2019 at 17:04
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 29 November 2019
@ Mr Faheem Akram.,

Yes... You can if You are also paid/ (received) freight at the time of returns then You can consider the freight in CN.
463 Reply
On 29 November 2019 at 17:14
User Avatar

840 Points Posted on 29 November 2019
1lakh plus 3000 will be the taxable value. the customer will raise credit note for 103000+ gst
3 Reply
On 29 November 2019 at 17:14


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details