How to create credit note by a composition dealer

Advocate Durgesh Paliwal (consultant) (69 Points)

03 June 2018

a composition deal want to generate debit note then how to calculate taxable value and calculate tax

can he take taxable value from original invoice or from other way.

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6 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 03 June 2018

No, .. the Credit Note will be issue by the supplier (in case Purchase return by Composit Dealer)

Vinod Babu (24191 Points)
Replied 04 June 2018

Composition dealer can issue credit note by taking the sales value without gst. As there is no gst for composition dealer on their outward supplies.

Advocate Durgesh Paliwal (consultant) (69 Points)
Replied 04 June 2018

sir its my mistake debit note by receiver

Advocate Durgesh Paliwal (consultant) (69 Points)
Replied 04 June 2018

and GSTR-4 also demand rate of tax and taxable value and tax

Vinod Babu (24191 Points)
Replied 05 June 2018

You can take taxable value from original invoice.

Advocate Durgesh Paliwal (consultant) (69 Points)
Replied 06 June 2018

means i will issue bill of supply only of taxable value and saller issue credit note of taxable value plus tax amount

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