dear experts,
how is it possible for composition dealer to send debit or credit notes in case of sales return or purchase return.
GST portal give the facility to file cmp-08 and ine cmp-08 form no facility to generate debit or credit note is provided. in such type of situation if a composition dealer has some sales return or some purchase return transactions with his dealers, how can he adjust the same through the generation of debit or credit notes.please guide on this.
3 Replies
Vijayprakash P
(1313 Points)
Replied 13 July 2020
The composite dealer cannot issue tax invoice to the customer. so debit note and credit note could not be issued.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 July 2020
@ Mr Ankush Soni.,
Yes... You are exactly correct.
The Composition dealer can be give Credit Note (sales return) and Debit note (purchase return). After issued Credit note You will less the values in Sales value and pay tax after that.
Yes... You are exactly correct.
The Composition dealer can be give Credit Note (sales return) and Debit note (purchase return). After issued Credit note You will less the values in Sales value and pay tax after that.
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