Dear Sir,
We have invoiced In March 2018, to our Vendor but the party has taken the consignment into free sample.
So,whether I can take the tax refund in the form of Credit Note in 2020.
2 Replies
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(604 Points)
Replied 06 December 2020
Any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note in the return for the month during which such credit note has been issued but not later than September following the end of the financial year in which such supply was made, or the date of furnishing of the relevant annual return, whichever is earlier.
So no option is there to raise credit note for the same.
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