What's might be the reason behind different due dates of filing debit and credit notes.
Dr notes- in the return of that month.
CR notes- before filling return of September next financial year OR filing return of December -Whochever is earlier.
Is it to reduce the scope of increasing sale (through debit notes ) which many people will want to do.
But give enough time to reduce their turnover( by filing credit notes)
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Debit and Credit notes
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After verification of connected document is safe
The difference is because the debit note is favourable to Department and the credit note is favourable to assessee.
Debit note is favourable to the assessee as he can increase his sales...Are you talking with a perspective of increase in tax liability..
I am saying the intent of the provision.
when you are eligible to claim something there will be time limit.
But in the other hand if some thing is due to government it will be immediate.
when you are eligible to claim something there will be time limit.
But in the other hand if some thing is due to government it will be immediate.
So you are talking about tax liability
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