SIR,
WE ARE TARDERS. OUR PRINCIPAL COMPANY GIVE US TURN OVER DISCOUNT AFTER COMPLETING FINANCIAL YEAR. THEY GAVE US CREDIT NOTE WITH TDS DEDUCTION @ 5% UNDER 194H AND THERE IS NO GST CHARGED IN CREDIT NOTE. KINDLY GUIDE US IS IT CORRECT OR NOT.
2 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 17 September 2018
Yes there is no such issue, and you need to take the same under Indirect Income, You can't be adjusted the same with COGS.
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